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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.

FOREX_RONUSD
Open High Low RONUSD Price Change
0.244620 0.244975 0.244370 0.244875 +0.000255
Entry Signal

MarketClub’s Trade Triangles for RONUSD

long term down The long term trend has been DOWN since May 2nd, 2018 at 0.258755

intermediate term down The intermediate term trend has been DOWN since Sep 28th, 2018 at 0.248720

short term up 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).

-55
Smart Scan Analysis for RONUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.244620 0.244975 0.244370 0.244875 +0.000255
Prev. Close Volume Bid Ask Time
0.244620 0.244680 0.245070 2018-11-19 07:09:43
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