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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.

FOREX_CADRUB
Open High Low CADRUB Price Change
50.945580 51.315298 50.860488 51.193214 +0.247634
Entry Signal

MarketClub’s Trade Triangles for CADRUB

long term up The long-term trend has been UP since Feb 24th, 2020 at 48.788760

intermediate term down The intermediate-term trend has been DOWN since Apr 13th, 2020 at 52.411903

short term down 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).

-60
Smart Scan Analysis for CADRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.945580 51.315298 50.860488 51.193214 +0.247634
Prev. Close Volume Bid Ask Time
50.945580 51.188918 51.197510 2020-05-31 23:06:12
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