Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
British Pound/Russian Ruble (FOREX:GBPRUB)
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 GBPRUB
The long term trend has been DOWN since Dec 11th, 2018 at 83.0955
The intermediate term trend has been UP since Dec 20th, 2018 at 86.4895
The short term trend has been DOWN since Jan 15th, 2019 at 85.0565
Smart Scan Analysis for GBPRUB
Based on a pre-defined weighted trend formula for chart analysis, GBPRUB scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).