Forex Trend Analysis Report
Prepared for you on Sunday, March 24, 2019.
Mexican Peso/Russian Ruble (FOREX:MXNRUB)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MXNRUB
The long term trend has been UP since Jan 1st, 2019 at 3.56155
The intermediate term trend has been DOWN since Jan 30th, 2019 at 3.43895
The short term trend has been DOWN since Mar 24th, 2019 at 3.37435
Smart Scan Analysis for MXNRUB
Based on a pre-defined weighted trend formula for chart analysis, MXNRUB scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).