Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
Swiss Franc/Russian Ruble (FOREX:CHFRUB)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 CHFRUB
The long term trend has been UP since Feb 5th, 2018 at 61.2855
The intermediate term trend has been DOWN since Sep 24th, 2018 at 68.5900
The short term trend has been DOWN since Oct 12th, 2018 at 66.5585
Smart Scan Analysis for CHFRUB
Based on a pre-defined weighted trend formula for chart analysis, CHFRUB scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).