Forex Trend Analysis Report
Prepared for you on Wednesday, October 24, 2018.
Russian Ruble/Canadian Dollar (FOREX:RUBCAD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 RUBCAD
The long term trend has been DOWN since Apr 9th, 2018 at 0.021455
The intermediate term trend has been UP since Sep 20th, 2018 at 0.019447
The short term trend has been UP since Oct 9th, 2018 at 0.019495
Smart Scan Analysis for RUBCAD
Based on a pre-defined weighted trend formula for chart analysis, RUBCAD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).