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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.
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MarketClub’s Trade Triangles for MXNRUB
The long-term trend has been UP since Dec 31st, 2021 at 3.6900793
The intermediate-term trend has been UP since Dec 17th, 2021 at 3.5833590
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).
| 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 |