Forex Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
Russian Ruble/Canadian Dollar (FOREX:RUBCAD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 DOWN since Jul 20th, 2018 at 0.020715
The short term trend has been UP since Aug 14th, 2018 at 0.019698
Smart Scan Analysis for RUBCAD
Based on a pre-defined weighted trend formula for chart analysis, RUBCAD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).