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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.

FOREX_RUBMXN
Open High Low RUBMXN Price Change
0.28500372 0.28961397 0.28486711 0.28699796 +0.00199400
Entry Signal

MarketClub’s Trade Triangles for RUBMXN

long term up The long-term trend has been UP since Oct 1st, 2021 at 0.28412661

intermediate term up The intermediate-term trend has been UP since Aug 20th, 2021 at 0.27357508

short term up 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).

+90
Smart Scan Analysis for RUBMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28500372 0.28961397 0.28486711 0.28699796 +0.00199400
Prev. Close Volume Bid Ask Time
0.28500372 2021-10-22 17:01:07
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