Forex Trend Analysis Report
Prepared for you on Thursday, March 22, 2018.
Russian Ruble/British Pound (FOREX:RUBGBP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Mar 13th, 2018 at 0.012585
The short term trend has been DOWN since Mar 13th, 2018 at 0.012630
Smart Scan Analysis for RUBGBP
Based on a pre-defined weighted trend formula for chart analysis, RUBGBP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).