Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Russian Ruble/Mexican Peso (FOREX:RUBMXN)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 RUBMXN
The long term trend has been UP since May 30th, 2019 at 0.30025000
The intermediate term trend has been UP since Nov 4th, 2019 at 0.30253800
The short term trend has been DOWN since Dec 6th, 2019 at 0.30333729
Smart Scan Analysis for RUBMXN
Based on a pre-defined weighted trend formula for chart analysis, RUBMXN scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).