Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
Russian Ruble/Canadian Dollar (FOREX:RUBCAD)
Strong Downtrend (-100) - RUBCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, RUBCAD continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for RUBCAD
The long-term trend has been DOWN since Dec 18th, 2022 at 0.02120446
The intermediate-term trend has been DOWN since Mar 20th, 2023 at 0.01768281
The short-term trend has been DOWN since Mar 28th, 2023 at 0.01770866
Smart Scan Analysis for RUBCAD
Based on our trend formula, RUBCAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).