Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
Swiss Franc/Russian Ruble (FOREX:CHFRUB)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 65.198
The intermediate term trend has been UP since May 5th, 2019 at 64.366
The short term trend has been DOWN since May 15th, 2019 at 64.253
Smart Scan Analysis for CHFRUB
Based on a pre-defined weighted trend formula for chart analysis, CHFRUB scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).