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.
MarketClub’s Trade Triangles for RUBMXN
The long term trend has been UP since May 30th, 2019 at 0.300250
The intermediate term trend has been DOWN since Jul 8th, 2019 at 0.296395
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).