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.
MarketClub’s Trade Triangles for RUBCAD
The long-term trend has been UP since Aug 3rd, 2021 at 0.01716993
The intermediate-term trend has been DOWN since Oct 4th, 2021 at 0.01729376
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).