Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
Russian Ruble/US Dollar (FOREX:RUBUSD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 RUBUSD
The long term trend has been UP since Nov 1st, 2019 at 0.01575
The intermediate term trend has been UP since Dec 9th, 2019 at 0.01572
The short term trend has been DOWN since Jan 14th, 2020 at 0.01629
Smart Scan Analysis for RUBUSD
Based on a pre-defined weighted trend formula for chart analysis, RUBUSD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).