Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
Russian Ruble/Australian Dollar (FOREX:RUBAUD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 RUBAUD
The long term trend has been DOWN since Apr 9th, 2018 at 0.021810
The intermediate term trend has been DOWN since Jul 20th, 2018 at 0.021284
The short term trend has been UP since Aug 14th, 2018 at 0.020556
Smart Scan Analysis for RUBAUD
Based on a pre-defined weighted trend formula for chart analysis, RUBAUD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).