Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Russian Ruble/Australian Dollar (FOREX:RUBAUD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 RUBAUD
The long term trend has been DOWN since Apr 9th, 2018 at 0.021810
The intermediate term trend has been UP since Sep 19th, 2018 at 0.020653
The short term trend has been UP since Oct 15th, 2018 at 0.021313
Smart Scan Analysis for RUBAUD
Based on a pre-defined weighted trend formula for chart analysis, RUBAUD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).