Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
/US Dollar (FOREX:RONUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 RONUSD
The long term trend has been DOWN since May 2nd, 2018 at 0.258755
The intermediate term trend has been DOWN since Sep 28th, 2018 at 0.248720
The short term trend has been UP since Nov 15th, 2018 at 0.243340
Smart Scan Analysis for RONUSD
Based on a pre-defined weighted trend formula for chart analysis, RONUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).