Forex Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
Russian Ruble/Australian Dollar (FOREX:RUBAUD)
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 RUBAUD
The long term trend has been DOWN since Apr 9th, 2018 at 0.02181
The intermediate term trend has been DOWN since Jun 4th, 2018 at 0.02110
The short term trend has been UP since Jun 14th, 2018 at 0.02118
Smart Scan Analysis for RUBAUD
Based on a pre-defined weighted trend formula for chart analysis, RUBAUD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).