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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Russian Ruble/Mexican Peso (FOREX:RUBMXN)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_RUBMXN
Open High Low RUBMXN Price Change
0.30324483 0.30385153 0.30209151 0.30352706 +0.00028200
Entry Signal

MarketClub’s Trade Triangles for RUBMXN

long term up The long term trend has been UP since May 30th, 2019 at 0.30025000

intermediate term down The intermediate term trend has been DOWN since Jan 17th, 2020 at 0.30283726

short term down The short term trend has been DOWN since Jan 14th, 2020 at 0.30613949

Smart Scan Analysis for RUBMXN

Based on a pre-defined weighted trend formula for chart analysis, RUBMXN scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for RUBMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.30324483 0.30385153 0.30209151 0.30352706 +0.00028200
Prev. Close Volume Bid Ask Time
0.30324483 0.30347676 0.30357736 2020-01-21 20:54:04
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