Forex Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
Russian Ruble/Australian Dollar (FOREX:RUBAUD)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 RUBAUD
The long term trend has been UP since Feb 8th, 2019 at 0.021494
The intermediate term trend has been UP since Apr 21st, 2019 at 0.021927
The short term trend has been UP since May 14th, 2019 at 0.022065
Smart Scan Analysis for RUBAUD
Based on a pre-defined weighted trend formula for chart analysis, RUBAUD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).