Forex Trend Analysis Report
Prepared for you on Wednesday, January 23, 2019.
US Dollar/Russian Ruble (FOREX:USDRUB)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 USDRUB
The long term trend has been UP since Apr 9th, 2018 at 58.75285
The intermediate term trend has been DOWN since Jan 16th, 2019 at 66.60710
The short term trend has been UP since Jan 22nd, 2019 at 66.49230
Smart Scan Analysis for USDRUB
Based on a pre-defined weighted trend formula for chart analysis, USDRUB scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).