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Forex Trend Analysis Report

Prepared for you on Wednesday, April 17, 2024.

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.

FOREX_RUBCAD
Open High Low RUBCAD Price Change
0.01467822 0.01469804 0.01459591 0.01461269 -0.00006600
Entry Signal

MarketClub’s Trade Triangles for RUBCAD

long term up The long-term trend has been UP since Nov 8th, 2023 at 0.01504569

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2024 at 0.01478318

short term down The short-term trend has been DOWN since Apr 17th, 2024 at 0.01462343

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).

+55
Smart Scan Analysis for RUBCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01467822 0.01469804 0.01459591 0.01461269 -0.00006600
Prev. Close Volume Bid Ask Time
0.01467822 2024-04-17 05:15:22
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