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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

Russian Ruble/Mexican Peso (FOREX:RUBMXN)

Crossroads (+60) - RUBMXN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.18601227 0.18621496 0.18601227 0.18601227 0.00000000
Entry Signal

MarketClub’s Trade Triangles for RUBMXN

long term down The long-term trend has been DOWN since Feb 16th, 2024 at 0.18278900

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2024 at 0.18023229

short term up The short-term trend has been UP since May 20th, 2024 at 0.18492151

Smart Scan Analysis for RUBMXN

Based on our trend formula, RUBMXN is rated as a +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
0.18601227 0.18621496 0.18601227 0.18601227 0.00000000
Prev. Close Volume Bid Ask Time
0.18601227 2024-05-25 06:03:49
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