Forex Trend Analysis Report
Prepared for you on Wednesday, October 18, 2017.
Australian Dollar/Russian Ruble (FOREX:AUDRUB)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Oct 5th, 2017 at 44.930
The intermediate term trend has been DOWN since Aug 15th, 2017 at 46.766
The short term trend has been DOWN since Oct 16th, 2017 at 44.996
Smart Scan Analysis for AUDRUB
Based on a pre-defined weighted trend formula for chart analysis, AUDRUB scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).