Forex Trend Analysis Report
Prepared for you on Monday, July 4, 2022.
Russian Ruble/Canadian Dollar (FOREX:RUBCAD)
Sidelines Mode (+55) - RUBCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
MarketClub’s Trade Triangles for RUBCAD
The long-term trend has been UP since May 5th, 2022 at 0.01904780
The intermediate-term trend has been UP since Jun 15th, 2022 at 0.02302578
The short-term trend has been DOWN since Jun 29th, 2022 at 0.02376300
Smart Scan Analysis for RUBCAD
Based on our trend formula, RUBCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).