Forex Trend Analysis Report
Prepared for you on Monday, April 23, 2018.
Russian Ruble/Japanese Yen (FOREX:RUBJPY)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 RUBJPY
The long term trend has been DOWN since Feb 8th, 2018 at 1.86580
The intermediate term trend has been DOWN since Jan 24th, 2018 at 1.94580
The short term trend has been DOWN since Apr 23rd, 2018 at 1.74745
Smart Scan Analysis for RUBJPY
Based on a pre-defined weighted trend formula for chart analysis, RUBJPY scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).