Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
Canadian Dollar/Russian Ruble (FOREX:CADRUB)
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 CADRUB
The long term trend has been UP since Apr 9th, 2018 at 46.6035
The intermediate term trend has been DOWN since Nov 19th, 2018 at 49.8855
The short term trend has been UP since Dec 14th, 2018 at 49.7905
Smart Scan Analysis for CADRUB
Based on a pre-defined weighted trend formula for chart analysis, CADRUB scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).