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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

Russian Ruble/Mexican Peso (FOREX:RUBMXN)

Countertrend Up (+85) - RUBMXN 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 RUBMXN?

MarketClub looks at technical strength and momentum to determine if the timing is right for RUBMXN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_RUBMXN
Open High Low RUBMXN Price Change
0.28518464 0.28551084 0.28486033 0.28551084 +0.00032600
Entry Signal

MarketClub’s Trade Triangles for RUBMXN

long term up The long-term trend has been UP since Oct 1st, 2021 at 0.28412661

intermediate term up The intermediate-term trend has been UP since Aug 20th, 2021 at 0.27357508

short term down The short-term trend has been DOWN since Oct 13th, 2021 at 0.28774205

Smart Scan Analysis for RUBMXN

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

+85
Smart Scan Analysis for RUBMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28518464 0.28551084 0.28486033 0.28551084 +0.00032600
Prev. Close Volume Bid Ask Time
0.28518464 2021-10-21 03:19:47
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