Forex Trend Analysis Report
Prepared for you on Friday, July 20, 2018.
Russian Ruble/Japanese Yen (FOREX:RUBJPY)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 RUBJPY
The long term trend has been DOWN since Feb 8th, 2018 at 1.8658
The intermediate term trend has been UP since Jul 9th, 2018 at 1.7688
The short term trend has been DOWN since Jul 18th, 2018 at 1.7956
Smart Scan Analysis for RUBJPY
Based on a pre-defined weighted trend formula for chart analysis, RUBJPY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).