Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Russian Ruble/Mexican Peso (FOREX:RUBMXN)
Long-Term Uptrend (+90) - RUBMXN is in a strong uptrend that is likely to continue. While RUBMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid RUBMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for RUBMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RUBMXN
The long-term trend has been UP since Oct 1st, 2021 at 0.28412661
The intermediate-term trend has been UP since Aug 20th, 2021 at 0.27357508
The short-term trend has been UP since Oct 22nd, 2021 at 0.28720370
Smart Scan Analysis for RUBMXN
Based on our trend formula, RUBMXN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).