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Forex Trend Analysis Report
Prepared for you on Saturday, December 21, 2024.
Mexican Peso/Russian Ruble (FOREX:MXNRUB)
Sidelines Mode (+55) - MXNRUB 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 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 DOWN since Dec 19th, 2024 at 5.0426574
Smart Scan Analysis for MXNRUB
Based on our trend formula, MXNRUB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.0992792 | 5.1292144 | 5.0992792 | 5.1292144 | +0.0299350 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.0992792 | 2024-12-21 08:23:58 |