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.
MarketClub’s Trade Triangles for RUBMXN
The long-term trend has been DOWN since Jul 28th, 2020 at 0.30254631
The intermediate-term trend has been DOWN since Jul 3rd, 2020 at 0.31346416
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).