Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
/US Dollar (FOREX:RONUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 RONUSD
The long term trend has been DOWN since May 2nd, 2018 at 0.258755
The intermediate term trend has been DOWN since Jan 17th, 2019 at 0.242755
The short term trend has been UP since Mar 12th, 2019 at 0.237320
Smart Scan Analysis for RONUSD
Based on a pre-defined weighted trend formula for chart analysis, RONUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).