Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

Mexican Peso/Russian Ruble (FOREX:MXNRUB)

Bear Market Rally (-75) - MXNRUB is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MXNRUB as it may be in the beginning of a reversal.

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

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

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

FOREX_MXNRUB
Open High Low MXNRUB Price Change
4.8684338 4.9282556 4.7697452 4.8652048 -0.0032290
Entry Signal

MarketClub’s Trade Triangles for MXNRUB

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 5.1889474

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 5.5483954

short term up The short-term trend has been UP since Jun 21st, 2024 at 4.8016810

Smart Scan Analysis for MXNRUB

Based on our trend formula, MXNRUB is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MXNRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.8684338 4.9282556 4.7697452 4.8652048 -0.0032290
Prev. Close Volume Bid Ask Time
4.8684338 2024-06-24 14:37:46
Get a free daily analysis and signals for Mexican Peso/Russian Ruble (MXNRUB) - Request Your Free Report.