Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Mexican Peso/Russian Ruble (FOREX:MXNRUB)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Jan 1st, 2019 at 3.56155
The intermediate term trend has been UP since Dec 18th, 2018 at 3.33195
The short term trend has been UP since Jan 11th, 2019 at 3.50540
Smart Scan Analysis for MXNRUB
Based on a pre-defined weighted trend formula for chart analysis, MXNRUB scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).