Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, January 20, 2022.

Mexican Peso/Russian Ruble (FOREX:MXNRUB)

Countertrend Up (+85) - MXNRUB is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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
3.7122832 3.7596282 3.7069709 3.7448636 +0.0325800
Entry Signal

MarketClub’s Trade Triangles for MXNRUB

long term up The long-term trend has been UP since Dec 31st, 2021 at 3.6900793

intermediate term up The intermediate-term trend has been UP since Dec 17th, 2021 at 3.5833590

short term down The short-term trend has been DOWN since Jan 19th, 2022 at 3.7234707

Smart Scan Analysis for MXNRUB

Based on our trend formula, MXNRUB is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for MXNRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7122832 3.7596282 3.7069709 3.7448636 +0.0325800
Prev. Close Volume Bid Ask Time
3.7122832 2022-01-20 23:13:25
Get a free daily analysis and signals for Mexican Peso/Russian Ruble (MXNRUB) - Request Your Free Report.