Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Canadian Dollar/Russian Ruble (FOREX:CADRUB)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management 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 DOWN since Dec 25th, 2018 at 49.4000
The intermediate term trend has been UP since Feb 13th, 2019 at 50.1615
The short term trend has been DOWN since Feb 18th, 2019 at 49.9345
Smart Scan Analysis for CADRUB
Based on a pre-defined weighted trend formula for chart analysis, CADRUB scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).