Forex Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
Mexican Peso/Russian Ruble (FOREX:MXNRUB)
Crossroads (+60) - MXNRUB is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for MXNRUB
The long-term trend has been DOWN since Oct 24th, 2023 at 5.1066672
The intermediate-term trend has been UP since Dec 5th, 2023 at 5.3131913
The short-term trend has been UP since Dec 1st, 2023 at 5.2359944
Smart Scan Analysis for MXNRUB
Based on our trend formula, MXNRUB is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).