Forex Trend Analysis Report
Prepared for you on Sunday, January 21, 2018.
Russian Ruble/Swedish Krona (FOREX:RUBSEK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 RUBSEK
The long term trend has been UP since Oct 26th, 2017 at 0.14405
The intermediate term trend has been DOWN since Jan 17th, 2018 at 0.14155
The short term trend has been DOWN since Jan 12th, 2018 at 0.14330
Smart Scan Analysis for RUBSEK
Based on a pre-defined weighted trend formula for chart analysis, RUBSEK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).