Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
Russian Ruble/US Dollar (FOREX:RUBUSD)
Long-Term Downtrend (-90) - RUBUSD is in a strong downtrend that is likely to continue. While RUBUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid RUBUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for RUBUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RUBUSD
The long-term trend has been DOWN since Dec 14th, 2022 at 0.01540833
The intermediate-term trend has been DOWN since Dec 5th, 2022 at 0.01593626
The short-term trend has been DOWN since Mar 16th, 2023 at 0.01310067
Smart Scan Analysis for RUBUSD
Based on our trend formula, RUBUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).