Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
Canadian Dollar/Russian Ruble (FOREX:CADRUB)
Crossroads (-60) - CADRUB is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CADRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADRUB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADRUB
The long-term trend has been UP since Feb 24th, 2020 at 48.788760
The intermediate-term trend has been DOWN since Apr 13th, 2020 at 52.411903
The short-term trend has been DOWN since May 29th, 2020 at 51.028463
Smart Scan Analysis for CADRUB
Based on our trend formula, CADRUB is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).