Forex Trend Analysis Report
Prepared for you on Wednesday, August 15, 2018.
Russian Ruble/Icelandic Krona (FOREX:RUBISK)
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 RUBISK
The long term trend has been DOWN since Nov 15th, 2017 at 1.71130
The intermediate term trend has been DOWN since Jul 20th, 2018 at 1.67745
The short term trend has been UP since Aug 14th, 2018 at 1.62980
Smart Scan Analysis for RUBISK
Based on a pre-defined weighted trend formula for chart analysis, RUBISK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).