Forex Trend Analysis Report
Prepared for you on Wednesday, February 21, 2018.
Euro/Russian Ruble (FOREX:EURRUB)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 EURRUB
The long term trend has been UP since Jun 16th, 2017 at 64.6985
The intermediate term trend has been UP since Jan 16th, 2018 at 69.4555
The short term trend has been DOWN since Feb 14th, 2018 at 70.8266
Smart Scan Analysis for EURRUB
Based on a pre-defined weighted trend formula for chart analysis, EURRUB scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).