Forex Trend Analysis Report
Prepared for you on Sunday, December 16, 2018.
Russian Ruble/British Pound (FOREX:RUBGBP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 UP since Dec 11th, 2018 at 0.012035
The intermediate term trend has been UP since Dec 10th, 2018 at 0.011954
The short term trend has been DOWN since Dec 14th, 2018 at 0.011883
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).