Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
Euro/Russian Ruble (FOREX:EURRUB)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Feb 8th, 2019 at 74.2295
The intermediate term trend has been DOWN since Jan 15th, 2019 at 76.3575
The short term trend has been DOWN since Mar 4th, 2019 at 74.7185
Smart Scan Analysis for EURRUB
Based on a pre-defined weighted trend formula for chart analysis, EURRUB scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).