Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
Australian Dollar/Russian Ruble (FOREX:AUDRUB)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 AUDRUB
The long term trend has been UP since Apr 9th, 2018 at 45.8480
The intermediate term trend has been DOWN since Jan 2nd, 2019 at 47.5310
The short term trend has been DOWN since Jan 16th, 2019 at 48.0185
Smart Scan Analysis for AUDRUB
Based on a pre-defined weighted trend formula for chart analysis, AUDRUB scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).