Forex Trend Analysis Report
Prepared for you on Saturday, September 23, 2017.
Mexican Peso/Russian Ruble (FOREX:MXNRUB)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 7th, 2017 at 3.05260
The intermediate term trend has been DOWN since Aug 9th, 2017 at 3.33215
The short term trend has been DOWN since Sep 21st, 2017 at 3.25070
Smart Scan Analysis for MXNRUB
Based on a pre-defined weighted trend formula for chart analysis, MXNRUB scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).