Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
US Dollar/Russian Ruble (FOREX:USDRUB)
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 USDRUB
The long term trend has been UP since Apr 9th, 2018 at 58.75285
The intermediate term trend has been DOWN since May 22nd, 2018 at 61.45905
The short term trend has been DOWN since May 21st, 2018 at 61.70620
Smart Scan Analysis for USDRUB
Based on a pre-defined weighted trend formula for chart analysis, USDRUB scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).