Forex Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
Russian Ruble/Canadian Dollar (FOREX:RUBCAD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 RUBCAD
The long term trend has been UP since Jan 24th, 2019 at 0.020238
The intermediate term trend has been DOWN since Feb 13th, 2019 at 0.019937
The short term trend has been DOWN since Feb 12th, 2019 at 0.020064
Smart Scan Analysis for RUBCAD
Based on a pre-defined weighted trend formula for chart analysis, RUBCAD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).