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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.

FOREX_RUBMXN
Open High Low RUBMXN Price Change
0.19476310 0.19484841 0.18821081 0.18841070 -0.00635200
Entry Signal

MarketClub’s Trade Triangles for RUBMXN

long term up The long-term trend has been UP since Oct 24th, 2023 at 0.19582565

intermediate term up The intermediate-term trend has been UP since Sep 12th, 2023 at 0.18331407

short term down 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).

+55
Smart Scan Analysis for RUBMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19476310 0.19484841 0.18821081 0.18841070 -0.00635200
Prev. Close Volume Bid Ask Time
0.19476310 2023-12-01 17:10:47
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