Forex Trend Analysis Report
Prepared for you on Tuesday, November 21, 2017.
Euro/Russian Ruble (FOREX:EURRUB)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 EURRUB
The long term trend has been UP since Jun 16th, 2017 at 64.6985
The intermediate term trend has been UP since Nov 3rd, 2017 at 68.6611
The short term trend has been DOWN since Nov 20th, 2017 at 69.6165
Smart Scan Analysis for EURRUB
Based on a pre-defined weighted trend formula for chart analysis, EURRUB scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).