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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Chinese Yuan Renminbi/Russian Ruble (FOREX:CNYRUB)
Sidelines Mode (+55) - CNYRUB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CNYRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYRUB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CNYRUB
The long-term trend has been UP since Feb 22nd, 2024 at 13.149967
The intermediate-term trend has been DOWN since Apr 25th, 2024 at 12.970859
The short-term trend has been UP since May 9th, 2024 at 13.052101
Smart Scan Analysis for CNYRUB
Based on our trend formula, CNYRUB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 12.950439 | 13.082602 | 12.911049 | 13.066555 | +0.116116 |
| Prev. Close | Volume | Bid | Ask | Time |
| 12.950439 | 2024-05-09 08:54:55 |