Forex Trend Analysis Report
Prepared for you on Sunday, May 26, 2019.
Russian Ruble/US Dollar (FOREX:RUBUSD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 Mar 15th, 2019 at 0.01534
The intermediate term trend has been UP since May 21st, 2019 at 0.01554
The short term trend has been DOWN since May 23rd, 2019 at 0.01547
Smart Scan Analysis for RUBUSD
Based on a pre-defined weighted trend formula for chart analysis, RUBUSD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).