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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Mexican Peso/Russian Ruble (FOREX:MXNRUB)
Long-Term Downtrend (-90) - MXNRUB is in a strong downtrend that is likely to continue. While MXNRUB is showing intraday strength, it remains in the confines of a bearish trend. 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.
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MarketClub’s Trade Triangles for MXNRUB
The long-term trend has been DOWN since Jun 3rd, 2024 at 5.1889474
The intermediate-term trend has been DOWN since Jul 25th, 2024 at 4.6485211
The short-term trend has been DOWN since Jul 18th, 2024 at 4.9191277
Smart Scan Analysis for MXNRUB
Based on our trend formula, MXNRUB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.6147910 | 4.7130513 | 4.6132419 | 4.6639857 | +0.0491950 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.6147910 | 2024-07-26 17:00:05 |