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Forex Trend Analysis Report
Prepared for you on Tuesday, December 3, 2024.
Mexican Peso/Russian Ruble (FOREX:MXNRUB)
Long-Term Uptrend (+90) - MXNRUB is in a strong uptrend that is likely to continue. While MXNRUB is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid MXNRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNRUB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MXNRUB
The long-term trend has been UP since Oct 9th, 2024 at 5.0705965
The intermediate-term trend has been UP since Nov 19th, 2024 at 4.9626018
The short-term trend has been UP since Nov 14th, 2024 at 4.8663494
Smart Scan Analysis for MXNRUB
Based on our trend formula, MXNRUB is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.2165582 | 5.2741757 | 5.1626373 | 5.1640212 | -0.0525370 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.2165582 | 2024-12-03 13:18:19 |