Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
Russian Ruble/US Dollar (FOREX:RUBUSD)
Sidelines Mode (+55) - RUBUSD 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 RUBUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for RUBUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RUBUSD
The long-term trend has been UP since Dec 7th, 2020 at 0.01363
The intermediate-term trend has been UP since Feb 15th, 2021 at 0.01360
The short-term trend has been DOWN since Mar 4th, 2021 at 0.01338
Smart Scan Analysis for RUBUSD
Based on our trend formula, RUBUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).