Forex Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
Canadian Dollar/Russian Ruble (FOREX:CADRUB)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 CADRUB
The long term trend has been UP since Apr 9th, 2018 at 46.6035
The intermediate term trend has been UP since Aug 1st, 2018 at 48.4050
The short term trend has been DOWN since Aug 14th, 2018 at 50.8640
Smart Scan Analysis for CADRUB
Based on a pre-defined weighted trend formula for chart analysis, CADRUB scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).