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Forex Trend Analysis Report

Prepared for you on Thursday, July 20, 2017.

Mexican Peso/Russian Ruble (FOREX:MXNRUB)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management 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.

FOREX_MXNRUB
Open High Low MXNRUB Price Change
3.35070 3.37715 3.34200 3.36880 +0.01810
Entry Signal

MarketClub’s Trade Triangles for MXNRUB

long term up The long term trend has been UP since Apr 7th, 2017 at 3.05260

intermediate term up The intermediate term trend has been UP since May 5th, 2017 at 3.08235

short term down The short term trend has been DOWN since Jul 19th, 2017 at 3.35470

Smart Scan Analysis for MXNRUB

Based on a pre-defined weighted trend formula for chart analysis, MXNRUB scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for MXNRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.35070 3.37715 3.34200 3.36880 +0.01810
Prev. Close Volume Bid Ask Time
3.35070 3.36800 3.36960 2017-07-20 16:47:45
Want to analyze Mexican Peso/Russian Ruble MXNRUB or another symbol? Try our Free Forex Trend Analysis Report.