Forex Trend Analysis Report
Prepared for you on Thursday, October 18, 2018.
Russian Ruble/Euro (FOREX:RUBEUR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 DOWN since Feb 8th, 2018 at 0.013975
The intermediate term trend has been UP since Sep 19th, 2018 at 0.012825
The short term trend has been UP since Oct 15th, 2018 at 0.013119
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).