Forex Trend Analysis Report
Prepared for you on Sunday, August 20, 2017.
Swiss Franc/Russian Ruble (FOREX:CHFRUB)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 Jun 19th, 2017 at 59.7030
The intermediate term trend has been DOWN since Jul 28th, 2017 at 61.1105
The short term trend has been UP since Aug 18th, 2017 at 61.7570
Smart Scan Analysis for CHFRUB
Based on a pre-defined weighted trend formula for chart analysis, CHFRUB scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).