Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Euro/Russian Ruble (FOREX:EURRUB)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 DOWN since Sep 19th, 2018 at 77.9714
The short term trend has been DOWN since Oct 15th, 2018 at 76.2233
Smart Scan Analysis for EURRUB
Based on a pre-defined weighted trend formula for chart analysis, EURRUB scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).