Forex Trend Analysis Report
Prepared for you on Thursday, August 13, 2020.
Canadian Dollar/Russian Ruble (FOREX:CADRUB)
Strong Uptrend (+100) - CADRUB is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CADRUB continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Feb 24th, 2020 at 48.788760
The intermediate-term trend has been UP since Jun 30th, 2020 at 51.657222
The short-term trend has been UP since Aug 12th, 2020 at 55.199901
Smart Scan Analysis for CADRUB
Based on our trend formula, CADRUB is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).