Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
Euro/Russian Ruble (FOREX:EURRUB)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 EURRUB
The long term trend has been DOWN since Sep 24th, 2019 at 69.98200
The intermediate term trend has been DOWN since Sep 9th, 2019 at 72.43590
The short term trend has been DOWN since Oct 11th, 2019 at 71.09096
Smart Scan Analysis for EURRUB
Based on a pre-defined weighted trend formula for chart analysis, EURRUB scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).