Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Canadian Dollar/Russian Ruble (FOREX:CADRUB)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CADRUB
The long term trend has been UP since Aug 2nd, 2019 at 49.0130
The intermediate term trend has been DOWN since Sep 12th, 2019 at 49.1725
The short term trend has been DOWN since Sep 4th, 2019 at 49.9255
Smart Scan Analysis for CADRUB
Based on a pre-defined weighted trend formula for chart analysis, CADRUB scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).