Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
British Pound/Russian Ruble (FOREX:GBPRUB)
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 GBPRUB
The long term trend has been UP since Jun 21st, 2017 at 76.1775
The intermediate term trend has been UP since Nov 6th, 2018 at 86.7770
The short term trend has been DOWN since Nov 14th, 2018 at 86.6775
Smart Scan Analysis for GBPRUB
Based on a pre-defined weighted trend formula for chart analysis, GBPRUB scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).