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Forex Trend Analysis Report

Prepared for you on Sunday, August 18, 2019.

Russian Ruble/Mexican Peso (FOREX:RUBMXN)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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
0.29674 0.29712 0.29393 0.29563 -0.00111
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 Jul 8th, 2019 at 0.296395

short term down The short term trend has been DOWN since Aug 14th, 2019 at 0.296190

Smart Scan Analysis for RUBMXN

Based on a pre-defined weighted trend formula for chart analysis, RUBMXN scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for RUBMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.29674 0.29712 0.29393 0.29563 -0.00111
Prev. Close Volume Bid Ask Time
0.29674 0.29548 0.29578 2019-08-16 18:19:43
Want to analyze Russian Ruble/Mexican Peso RUBMXN or another symbol? Try our Free Forex Trend Analysis Report.