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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Mexican Peso/Russian Ruble (FOREX:MXNRUB)

Long-Term Uptrend (+90) - MXNRUB is in a strong uptrend that is likely to continue. While MXNRUB is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
5.5790810 5.6145146 5.5701446 5.5849047 +0.0058240
Entry Signal

MarketClub’s Trade Triangles for MXNRUB

long term up The long-term trend has been UP since Feb 16th, 2024 at 5.4705702

intermediate term up The intermediate-term trend has been UP since Feb 4th, 2024 at 5.3417855

short term up The short-term trend has been UP since Mar 21st, 2024 at 5.5339979

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).

+90
Smart Scan Analysis for MXNRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.5790810 5.6145146 5.5701446 5.5849047 +0.0058240
Prev. Close Volume Bid Ask Time
5.5790810 2024-03-29 06:02:15
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