Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
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 DOWN since Nov 14th, 2023 at 90.845
The intermediate-term trend has been UP since Dec 5th, 2023 at 92.487
The short-term trend has been UP since Dec 1st, 2023 at 90.000
Smart Scan Analysis for USDRUB
Based on our trend formula, USDRUB is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).