Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
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, SHORTSYMBOL 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 Feb 18th, 2021 at 3.6184922
The intermediate-term trend has been DOWN since Feb 5th, 2021 at 3.6798678
The short-term trend has been DOWN since Feb 15th, 2021 at 3.6810362
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).