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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.

FOREX_MXNRUB
Open High Low MXNRUB Price Change
3.1765937 3.1888143 3.1670382 3.1766392 +0.0000450
Entry Signal

MarketClub’s Trade Triangles for MXNRUB

long term down The long-term trend has been DOWN since Mar 23rd, 2020 at 3.1811898

intermediate term up The intermediate-term trend has been UP since May 22nd, 2020 at 3.1165854

short term up 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).

+70
Smart Scan Analysis for MXNRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.1765937 3.1888143 3.1670382 3.1766392 +0.0000450
Prev. Close Volume Bid Ask Time
3.1765937 3.1761809 3.1770975 2020-05-28 10:23:15
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