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Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

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
0.23937284 0.23980531 0.23795817 0.23806602 -0.00130700
Entry Signal

MarketClub’s Trade Triangles for RUBMXN

long term down The long-term trend has been DOWN since Dec 2nd, 2022 at 0.30865275

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 0.25217267

short term up The short-term trend has been UP since Mar 24th, 2023 at 0.24551259

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
0.23937284 0.23980531 0.23795817 0.23806602 -0.00130700
Prev. Close Volume Bid Ask Time
0.23937284 2023-03-28 16:23:52
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