Index Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
Morningstar Russia Index PR RUB (CME:MSRURUBP)
Sidelines Mode (-55) - MSRURUBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MSRURUBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MSRURUBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MSRURUBP
The long-term trend has been DOWN since Feb 27th, 2020 at 62117.03
The intermediate-term trend has been DOWN since Jan 27th, 2020 at 66043.99
The short-term trend has been UP since Apr 2nd, 2020 at 52256.00
Smart Scan Analysis for MSRURUBP
Based on our trend formula, MSRURUBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).