Forex Trend Analysis Report
Prepared for you on Wednesday, February 24, 2021.
US Dollar/Russian Ruble (FOREX:USDRUB)
Strong Downtrend (-100) - USDRUB is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Dec 7th, 2020 at 73.3735
The intermediate-term trend has been DOWN since Feb 11th, 2021 at 73.1930
The short-term trend has been DOWN since Feb 23rd, 2021 at 73.8010
Smart Scan Analysis for USDRUB
Based on our trend formula, USDRUB is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).