Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Russian Ruble/Swiss Franc (FOREX:RUBCHF)
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 RUBCHF
The long term trend has been DOWN since Feb 5th, 2018 at 0.016320
The intermediate term trend has been DOWN since Nov 9th, 2018 at 0.014963
The short term trend has been UP since Dec 12th, 2018 at 0.014971
Smart Scan Analysis for RUBCHF
Based on a pre-defined weighted trend formula for chart analysis, RUBCHF scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).