Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Russian Ruble/US Dollar (FOREX:RUBUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 DOWN since Apr 9th, 2018 at 0.017020
The intermediate term trend has been DOWN since Feb 14th, 2019 at 0.015010
The short term trend has been UP since Feb 18th, 2019 at 0.015085
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).