Forex Trend Analysis Report
Prepared for you on Wednesday, August 15, 2018.
US Dollar/Russian Ruble (FOREX:USDRUB)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 USDRUB
The long term trend has been UP since Apr 9th, 2018 at 58.75285
The intermediate term trend has been UP since Jul 19th, 2018 at 63.68720
The short term trend has been DOWN since Aug 14th, 2018 at 66.53300
Smart Scan Analysis for USDRUB
Based on a pre-defined weighted trend formula for chart analysis, USDRUB scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).