Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Euro/Russian Ruble (FOREX:EURRUB)
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 EURRUB
The long term trend has been DOWN since Sep 24th, 2019 at 69.9820
The intermediate term trend has been DOWN since Dec 12th, 2019 at 70.2435
The short term trend has been DOWN since Jan 24th, 2020 at 68.3595
Smart Scan Analysis for EURRUB
Based on a pre-defined weighted trend formula for chart analysis, EURRUB scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).