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Forex Trend Analysis Report

Prepared for you on Monday, August 3, 2020.

Russian Ruble/Mexican Peso (FOREX:RUBMXN)

Bear Market Rally (-75) - RUBMXN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on RUBMXN as it may be in the beginning of a reversal.

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
0.29937638 0.30999551 0.29898712 0.30983977 +0.01046300
Entry Signal

MarketClub’s Trade Triangles for RUBMXN

long term down The long-term trend has been DOWN since Jul 28th, 2020 at 0.30254631

intermediate term down The intermediate-term trend has been DOWN since Jul 3rd, 2020 at 0.31346416

short term up The short-term trend has been UP since Aug 3rd, 2020 at 0.30374495

Smart Scan Analysis for RUBMXN

Based on our trend formula, RUBMXN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for RUBMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.29937638 0.30999551 0.29898712 0.30983977 +0.01046300
Prev. Close Volume Bid Ask Time
0.29937638 0.30964775 0.31003178 2020-08-03 18:51:51
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