Forex Trend Analysis Report
Prepared for you on Saturday, April 21, 2018.
Euro/Russian Ruble (FOREX:EURRUB)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 EURRUB
The long term trend has been UP since Jun 16th, 2017 at 64.6985
The intermediate term trend has been UP since Mar 16th, 2018 at 70.9165
The short term trend has been DOWN since Apr 17th, 2018 at 75.5240
Smart Scan Analysis for EURRUB
Based on a pre-defined weighted trend formula for chart analysis, EURRUB scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).