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Forex Trend Analysis Report

Prepared for you on Tuesday, February 7, 2023.

US Dollar/Russian Ruble (FOREX:USDRUB)

Long-Term Uptrend (+90) - USDRUB is in a strong uptrend that is likely to continue. While USDRUB is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid USDRUB?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDRUB.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDRUB
Open High Low USDRUB Price Change
71.0160 72.1350 70.4725 70.6750 -0.3410
Entry Signal

MarketClub’s Trade Triangles for USDRUB

long term up The long-term trend has been UP since Dec 16th, 2022 at 65.2751

intermediate term up The intermediate-term trend has been UP since Dec 5th, 2022 at 62.7500

short term up The short-term trend has been UP since Feb 7th, 2023 at 71.5100

Smart Scan Analysis for USDRUB

Based on our trend formula, USDRUB is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
71.0160 72.1350 70.4725 70.6750 -0.3410
Prev. Close Volume Bid Ask Time
71.0160 2023-02-07 22:05:52
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