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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Russian Ruble/Mexican Peso (FOREX:RUBMXN)
Strong Downtrend (-100) - RUBMXN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, RUBMXN continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for RUBMXN
The long-term trend has been DOWN since Oct 9th, 2024 at 0.19721548
The intermediate-term trend has been DOWN since Nov 19th, 2024 at 0.20149283
The short-term trend has been DOWN since Nov 14th, 2024 at 0.20549286
Smart Scan Analysis for RUBMXN
Based on our trend formula, RUBMXN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.20170043 | 0.20195143 | 0.20035773 | 0.20067459 | -0.00102600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.20170043 | 2024-11-20 03:43:14 |