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Forex Trend Analysis Report

Prepared for you on Sunday, January 20, 2019.

Russian Ruble/Mexican Peso (FOREX:RUBMXN)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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_RUBMXN
Open High Low RUBMXN Price Change
0.285885 0.288625 0.285765 0.288230 +0.002345
Entry Signal

MarketClub’s Trade Triangles for RUBMXN

long term down The long term trend has been DOWN since Jan 1st, 2019 at 0.280875

intermediate term down The intermediate term trend has been DOWN since Dec 18th, 2018 at 0.300125

short term up The short term trend has been UP since Jan 17th, 2019 at 0.286805

Smart Scan Analysis for RUBMXN

Based on a pre-defined weighted trend formula for chart analysis, RUBMXN scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for RUBMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.285885 0.288625 0.285765 0.288230 +0.002345
Prev. Close Volume Bid Ask Time
0.285885 0.287940 0.288520 2019-01-18 18:06:37
Want to analyze Russian Ruble/Mexican Peso RUBMXN or another symbol? Try our Free Forex Trend Analysis Report.