Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Russian Ruble/Japanese Yen (FOREX:RUBJPY)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 UP since Nov 5th, 2019 at 1.7202500
The intermediate term trend has been UP since Jan 8th, 2020 at 1.7813282
The short term trend has been DOWN since Jan 16th, 2020 at 1.7858727
Smart Scan Analysis for RUBJPY
Based on a pre-defined weighted trend formula for chart analysis, RUBJPY scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).