Forex Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
Russian Ruble/British Pound (FOREX:RUBGBP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 DOWN since Aug 8th, 2018 at 0.011968
The short term trend has been UP since Sep 12th, 2018 at 0.011141
Smart Scan Analysis for RUBGBP
Based on a pre-defined weighted trend formula for chart analysis, RUBGBP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).