Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
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 negative trend to resume. Downtrend 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 DOWN since Feb 25th, 2019 at 65.22700
The intermediate term trend has been DOWN since Jun 17th, 2019 at 64.21575
The short term trend has been UP since Jul 17th, 2019 at 63.18320
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).