Forex Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
Swiss Franc/Russian Ruble (FOREX:CHFRUB)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 CHFRUB
The long term trend has been DOWN since Feb 10th, 2019 at 65.1980
The intermediate term trend has been UP since May 5th, 2019 at 64.3660
The short term trend has been UP since May 23rd, 2019 at 64.0685
Smart Scan Analysis for CHFRUB
Based on a pre-defined weighted trend formula for chart analysis, CHFRUB scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).