Forex Trend Analysis Report
Prepared for you on Sunday, November 19, 2017.
Russian Ruble/Euro (FOREX:RUBEUR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 RUBEUR
The long term trend has been UP since Oct 18th, 2017 at 0.014915
The intermediate term trend has been DOWN since Nov 3rd, 2017 at 0.014565
The short term trend has been DOWN since Nov 3rd, 2017 at 0.014660
Smart Scan Analysis for RUBEUR
Based on a pre-defined weighted trend formula for chart analysis, RUBEUR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).