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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.

FOREX_USDRUB
Open High Low USDRUB Price Change
92.3315 92.3450 90.7400 92.2950 -0.0365
Entry Signal

MarketClub’s Trade Triangles for USDRUB

long term down The long-term trend has been DOWN since Nov 14th, 2023 at 90.845

intermediate term up The intermediate-term trend has been UP since Dec 5th, 2023 at 92.487

short term up 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).

+70
Smart Scan Analysis for USDRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
92.3315 92.3450 90.7400 92.2950 -0.0365
Prev. Close Volume Bid Ask Time
92.3315 2023-12-08 13:27:13
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