Forex Trend Analysis Report
Prepared for you on Friday, March 22, 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 DOWN since Jan 1st, 2019 at 0.280875
The intermediate term trend has been UP since Jan 30th, 2019 at 0.290685
The short term trend has been DOWN since Mar 20th, 2019 at 0.294620
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).