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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Russian Ruble/Canadian Dollar (FOREX:RUBCAD)
Long-Term Uptrend (+90) - RUBCAD is in a strong uptrend that is likely to continue. While RUBCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid RUBCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for RUBCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for RUBCAD
The long-term trend has been UP since Nov 8th, 2023 at 0.01504569
The intermediate-term trend has been UP since Apr 16th, 2024 at 0.01478318
The short-term trend has been UP since May 2nd, 2024 at 0.01486498
Smart Scan Analysis for RUBCAD
Based on our trend formula, RUBCAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01503836 | 0.01504482 | 0.01489022 | 0.01496023 | -0.00007800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01503836 | 2024-05-08 23:37:59 |