Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Mexican Peso/Russian Ruble (FOREX:MXNRUB)
Strong Downtrend (-100) - MXNRUB is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MXNRUB continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for MXNRUB
The long-term trend has been DOWN since Oct 24th, 2023 at 5.1066672
The intermediate-term trend has been DOWN since Sep 12th, 2023 at 5.4551188
The short-term trend has been DOWN since Nov 28th, 2023 at 5.1377319
Smart Scan Analysis for MXNRUB
Based on our trend formula, MXNRUB is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).