Forex Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
Russian Ruble/Canadian Dollar (FOREX:RUBCAD)
Bear Market Rally (-75) - RUBCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on RUBCAD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid RUBCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for RUBCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RUBCAD
The long-term trend has been DOWN since Feb 24th, 2020 at 0.02049558
The intermediate-term trend has been DOWN since Oct 28th, 2020 at 0.01683547
The short-term trend has been DOWN since Nov 27th, 2020 at 0.01712474
Smart Scan Analysis for RUBCAD
Based on our trend formula, RUBCAD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).