Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Russian Ruble/British Pound (FOREX:RUBGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 RUBGBP
The long term trend has been DOWN since Oct 16th, 2019 at 0.01219100
The intermediate term trend has been DOWN since Jan 27th, 2020 at 0.01222766
The short term trend has been UP since Feb 11th, 2020 at 0.01219619
Smart Scan Analysis for RUBGBP
Based on a pre-defined weighted trend formula for chart analysis, RUBGBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).