Forex Trend Analysis Report
Prepared for you on Thursday, October 17, 2019.
US Dollar/Russian Ruble (FOREX:USDRUB)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 USDRUB
The long term trend has been UP since Aug 5th, 2019 at 65.6604
The intermediate term trend has been DOWN since Sep 9th, 2019 at 65.4470
The short term trend has been DOWN since Oct 10th, 2019 at 64.6270
Smart Scan Analysis for USDRUB
Based on a pre-defined weighted trend formula for chart analysis, USDRUB scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).