Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
Mexican Peso/Russian Ruble (FOREX:MXNRUB)
Strong Uptrend (+100) - MXNRUB is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MXNRUB continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Dec 2nd, 2022 at 3.2400377
The intermediate-term trend has been UP since Mar 29th, 2023 at 4.2649280
The short-term trend has been UP since Mar 26th, 2023 at 4.1950721
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).