Forex Trend Analysis Report
Prepared for you on Tuesday, March 20, 2018.
Swiss Franc/Russian Ruble (FOREX:CHFRUB)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 CHFRUB
The long term trend has been UP since Feb 5th, 2018 at 61.2855
The intermediate term trend has been DOWN since Feb 25th, 2018 at 59.9565
The short term trend has been DOWN since Mar 19th, 2018 at 60.2115
Smart Scan Analysis for CHFRUB
Based on a pre-defined weighted trend formula for chart analysis, CHFRUB scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).