Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
US Dollar/Russian Ruble (FOREX:USDRUB)
Countertrend Up (+85) - USDRUB is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Dec 16th, 2022 at 65.2751
The intermediate-term trend has been UP since Dec 5th, 2022 at 62.7500
The short-term trend has been DOWN since Mar 23rd, 2023 at 76.5270
Smart Scan Analysis for USDRUB
Based on our trend formula, USDRUB is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).