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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.

FOREX_EURRUB
Open High Low EURRUB Price Change
74.7565 75.4570 74.6765 75.1438 +0.3873
Entry Signal

MarketClub’s Trade Triangles for EURRUB

long term up The long term trend has been UP since Jun 16th, 2017 at 64.6985

intermediate term down The intermediate term trend has been DOWN since Sep 19th, 2018 at 77.9714

short term down 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).

-70
Smart Scan Analysis for EURRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
74.7565 75.4570 74.6765 75.1438 +0.3873
Prev. Close Volume Bid Ask Time
74.7565 75.1174 75.1702 2018-10-23 16:02:53
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