Forex Trend Analysis Report
Prepared for you on Thursday, April 19, 2018.
Russian Ruble/Euro (FOREX:RUBEUR)
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 RUBEUR
The long term trend has been DOWN since Feb 8th, 2018 at 0.013975
The intermediate term trend has been DOWN since Mar 16th, 2018 at 0.014100
The short term trend has been UP since Apr 17th, 2018 at 0.013245
Smart Scan Analysis for RUBEUR
Based on a pre-defined weighted trend formula for chart analysis, RUBEUR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).