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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Russian Ruble/Mexican Peso (FOREX:RUBMXN)

Long-Term Downtrend (-90) - RUBMXN is in a strong downtrend that is likely to continue. While RUBMXN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.17901059 0.18020590 0.17820462 0.17900334 -0.00000700
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 down The intermediate-term trend has been DOWN since Feb 4th, 2024 at 0.18720682

short term down The short-term trend has been DOWN since Mar 20th, 2024 at 0.18081025

Smart Scan Analysis for RUBMXN

Based on our trend formula, RUBMXN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for RUBMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.17901059 0.18020590 0.17820462 0.17900334 -0.00000700
Prev. Close Volume Bid Ask Time
0.17901059 2024-03-28 11:28:30
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