Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
Canadian Dollar/Russian Ruble (FOREX:CADRUB)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 DOWN since Sep 19th, 2018 at 51.4480
The short term trend has been DOWN since Oct 9th, 2018 at 51.2875
Smart Scan Analysis for CADRUB
Based on a pre-defined weighted trend formula for chart analysis, CADRUB scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).