Forex Trend Analysis Report
Prepared for you on Sunday, January 23, 2022.
Canadian Dollar/Russian Ruble (FOREX:CADRUB)
Long-Term Uptrend (+90) - CADRUB is in a strong uptrend that is likely to continue. While CADRUB is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid CADRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADRUB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADRUB
The long-term trend has been UP since Nov 22nd, 2021 at 59.187894
The intermediate-term trend has been UP since Dec 30th, 2021 at 58.787285
The short-term trend has been UP since Jan 13th, 2022 at 59.890646
Smart Scan Analysis for CADRUB
Based on our trend formula, CADRUB is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).