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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

Russian Ruble/Canadian Dollar (FOREX:RUBCAD)

Crossroads (+60) - RUBCAD 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 RUBCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for RUBCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_RUBCAD
Open High Low RUBCAD Price Change
0.01735507 0.01741315 0.01729863 0.01741118 +0.00005600
Entry Signal

MarketClub’s Trade Triangles for RUBCAD

long term up The long-term trend has been UP since Aug 3rd, 2021 at 0.01716993

intermediate term down The intermediate-term trend has been DOWN since Oct 4th, 2021 at 0.01729376

short term down The short-term trend has been DOWN since Oct 21st, 2021 at 0.01732623

Smart Scan Analysis for RUBCAD

Based on our trend formula, RUBCAD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for RUBCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01735507 0.01741315 0.01729863 0.01741118 +0.00005600
Prev. Close Volume Bid Ask Time
0.01735507 2021-10-21 17:28:29
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