Forex Trend Analysis Report
Prepared for you on Thursday, August 13, 2020.
US Dollar/Russian Ruble (FOREX:USDRUB)
Bull Market Weakness (+75) - USDRUB is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDRUB as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDRUB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDRUB
The long-term trend has been UP since Feb 21st, 2020 at 64.4895
The intermediate-term trend has been UP since Jun 30th, 2020 at 70.5310
The short-term trend has been DOWN since Aug 11th, 2020 at 73.2435
Smart Scan Analysis for USDRUB
Based on our trend formula, USDRUB is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).