Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Russian Ruble/Mexican Peso (FOREX:RUBMXN)
Countertrend Up (+85) - RUBMXN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Oct 1st, 2021 at 0.28412661
The intermediate-term trend has been UP since Aug 20th, 2021 at 0.27357508
The short-term trend has been DOWN since Oct 13th, 2021 at 0.28774205
Smart Scan Analysis for RUBMXN
Based on our trend formula, RUBMXN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).