Forex Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
Chinese Yuan Renminbi/Russian Ruble (FOREX:CNYRUB)
Bear Market Rally (-75) - CNYRUB is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNYRUB as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for CNYRUB
The long-term trend has been DOWN since Jun 24th, 2021 at 11.166430
The intermediate-term trend has been DOWN since Oct 7th, 2021 at 11.201519
The short-term trend has been UP since Oct 27th, 2021 at 11.048671
Smart Scan Analysis for CNYRUB
Based on our trend formula, CNYRUB is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).