Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
Swiss Franc/Russian Ruble (FOREX:CHFRUB)
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 CHFRUB
The long term trend has been UP since Feb 5th, 2018 at 61.2855
The intermediate term trend has been DOWN since May 10th, 2018 at 62.2885
The short term trend has been DOWN since May 21st, 2018 at 61.6550
Smart Scan Analysis for CHFRUB
Based on a pre-defined weighted trend formula for chart analysis, CHFRUB scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).