Forex Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
Mexican Peso/Russian Ruble (FOREX:MXNRUB)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MXNRUB
The long term trend has been UP since Apr 4th, 2018 at 3.17400
The intermediate term trend has been DOWN since May 4th, 2018 at 3.24645
The short term trend has been DOWN since May 3rd, 2018 at 3.32985
Smart Scan Analysis for MXNRUB
Based on a pre-defined weighted trend formula for chart analysis, MXNRUB scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).