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Forex Trend Analysis Report

Prepared for you on Friday, October 18, 2019.

Russian Ruble/Mexican Peso (FOREX:RUBMXN)

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.

FOREX_RUBMXN
Open High Low RUBMXN Price Change
0.29957451 0.30062906 0.29850318 0.29947830 -0.00009600
Entry Signal

MarketClub’s Trade Triangles for RUBMXN

long term up The long term trend has been UP since May 30th, 2019 at 0.300250

intermediate term down The intermediate term trend has been DOWN since Oct 8th, 2019 at 0.300150

short term down The short term trend has been DOWN since Oct 14th, 2019 at 0.300692

Smart Scan Analysis for RUBMXN

Based on a pre-defined weighted trend formula for chart analysis, RUBMXN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for RUBMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.29957451 0.30062906 0.29850318 0.29947830 -0.00009600
Prev. Close Volume Bid Ask Time
0.29957451 0.29942992 0.29952668 2019-10-17 23:09:27
Want to analyze Russian Ruble/Mexican Peso RUBMXN or another symbol? Try our Free Forex Trend Analysis Report.