Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Russian Ruble/Chinese Yuan Renminbi (FOREX:RUBCNY)

Crossroads (+60) - RUBCNY 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 RUBCNY?

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

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

Open	High	Low	RUBCNY Price	Change
0.07742946	0.07745317	0.07699373	0.07703266	-0.00039700
Entry Signal

MarketClub’s Trade Triangles for RUBCNY

The long-term trend has been DOWN since Feb 22nd, 2024 at 0.07604595

The intermediate-term trend has been UP since May 2nd, 2024 at 0.07741404

The short-term trend has been UP since May 3rd, 2024 at 0.07759436

Smart Scan Analysis for RUBCNY

Based on our trend formula, RUBCNY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.07742946	0.07745317	0.07699373	0.07703266	-0.00039700
Prev. Close	Volume	Bid	Ask	Time
0.07742946				2024-05-09 02:09:25

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