Forex Trend Analysis Report
Prepared for you on Thursday, May 28, 2020.
Mexican Peso/Russian Ruble (FOREX:MXNRUB)
Bull Market Weakness (+75) - MXNRUB is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNRUB as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for MXNRUB
The long-term trend has been DOWN since Mar 23rd, 2020 at 3.1811898
The intermediate-term trend has been UP since May 22nd, 2020 at 3.1165854
The short-term trend has been UP since May 22nd, 2020 at 3.1100227
Smart Scan Analysis for MXNRUB
Based on our trend formula, MXNRUB is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).