Forex Trend Analysis Report
Prepared for you on Wednesday, October 18, 2017.
Canadian Dollar/Russian Ruble (FOREX:CADRUB)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 Jun 19th, 2017 at 44.1770
The intermediate term trend has been DOWN since Sep 29th, 2017 at 46.2650
The short term trend has been DOWN since Oct 18th, 2017 at 45.5915
Smart Scan Analysis for CADRUB
Based on a pre-defined weighted trend formula for chart analysis, CADRUB scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).