Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
Russian Ruble/US Dollar (FOREX:RUBUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 RUBUSD
The long term trend has been UP since Mar 15th, 2019 at 0.01534
The intermediate term trend has been UP since Feb 25th, 2019 at 0.01531
The short term trend has been DOWN since Mar 22nd, 2019 at 0.01549
Smart Scan Analysis for RUBUSD
Based on a pre-defined weighted trend formula for chart analysis, RUBUSD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).