Forex Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
Russian Ruble/British Pound (FOREX:RUBGBP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 RUBGBP
The long term trend has been DOWN since Jun 21st, 2017 at 0.013125
The intermediate term trend has been UP since Dec 25th, 2017 at 0.012860
The short term trend has been DOWN since Jan 12th, 2018 at 0.012895
Smart Scan Analysis for RUBGBP
Based on a pre-defined weighted trend formula for chart analysis, RUBGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).