Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Euro/Russian Ruble (FOREX:EURRUB)
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 EURRUB
The long term trend has been UP since Jun 16th, 2017 at 64.6985
The intermediate term trend has been DOWN since Jan 15th, 2019 at 76.3575
The short term trend has been DOWN since Jan 2nd, 2019 at 79.2450
Smart Scan Analysis for EURRUB
Based on a pre-defined weighted trend formula for chart analysis, EURRUB scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).