Forex Trend Analysis Report
Prepared for you on Saturday, December 2, 2023.
Russian Ruble/Mexican Peso (FOREX:RUBMXN)
Sidelines Mode (+55) - RUBMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
MarketClub’s Trade Triangles for RUBMXN
The long-term trend has been UP since Oct 24th, 2023 at 0.19582565
The intermediate-term trend has been UP since Sep 12th, 2023 at 0.18331407
The short-term trend has been DOWN since Dec 1st, 2023 at 0.19098570
Smart Scan Analysis for RUBMXN
Based on our trend formula, RUBMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).