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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Russian Ruble/Mexican Peso (FOREX:RUBMXN)

Countertrend Down (-85) - RUBMXN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid RUBMXN?

MarketClub looks at technical strength and momentum to determine if the timing is right for RUBMXN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_RUBMXN
Open High Low RUBMXN Price Change
0.18369099 0.18389244 0.18305567 0.18348706 -0.00020400
Entry Signal

MarketClub’s Trade Triangles for RUBMXN

long term down The long-term trend has been DOWN since Feb 16th, 2024 at 0.18278900

intermediate term down The intermediate-term trend has been DOWN since Feb 4th, 2024 at 0.18720682

short term up The short-term trend has been UP since Mar 18th, 2024 at 0.18276186

Smart Scan Analysis for RUBMXN

Based on our trend formula, RUBMXN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for RUBMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18369099 0.18389244 0.18305567 0.18348706 -0.00020400
Prev. Close Volume Bid Ask Time
0.18369099 2024-03-19 04:59:58
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