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Forex Trend Analysis Report

Prepared for you on Sunday, November 28, 2021.

Mexican Peso/Russian Ruble (FOREX:MXNRUB)

Bear Market Rally (-75) - MXNRUB is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MXNRUB as it may be in the beginning of a reversal.

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.

FOREX_MXNRUB
Open High Low MXNRUB Price Change
3.4513279 3.4784936 3.4246068 3.4469678 -0.0043600
Entry Signal

MarketClub’s Trade Triangles for MXNRUB

long term down The long-term trend has been DOWN since Oct 1st, 2021 at 3.5195036

intermediate term up The intermediate-term trend has been UP since Nov 12th, 2021 at 3.5218708

short term down The short-term trend has been DOWN since Nov 23rd, 2021 at 3.4999122

Smart Scan Analysis for MXNRUB

Based on our trend formula, MXNRUB is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MXNRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.4513279 3.4784936 3.4246068 3.4469678 -0.0043600
Prev. Close Volume Bid Ask Time
3.4513279 2021-11-26 17:00:34
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