Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Russian Ruble/US Dollar (FOREX:RUBUSD)
Crossroads (+60) - RUBUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Feb 21st, 2020 at 0.01551
The intermediate-term trend has been UP since Nov 9th, 2020 at 0.01315
The short-term trend has been UP since Dec 2nd, 2020 at 0.01324
Smart Scan Analysis for RUBUSD
Based on our trend formula, RUBUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).