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Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
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.
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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 Jun 1st, 2023 at 0.01662491
The short-term trend has been UP since Sep 21st, 2023 at 0.01407453
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01395728 | 0.01406974 | 0.01394845 | 0.01402160 | +0.00006400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01395728 | 2023-09-22 11:22:36 |