Forex Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
Russian Ruble/Canadian Dollar (FOREX:RUBCAD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 RUBCAD
The long term trend has been DOWN since Apr 9th, 2018 at 0.021455
The intermediate term trend has been UP since Nov 19th, 2018 at 0.020043
The short term trend has been UP since Dec 5th, 2018 at 0.019939
Smart Scan Analysis for RUBCAD
Based on a pre-defined weighted trend formula for chart analysis, RUBCAD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).