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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi/Russian Ruble (FOREX:CNYRUB)
Strong Downtrend (-100) - CNYRUB is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNYRUB continues to fall. Traders should use caution and set stops.
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 DOWN since May 24th, 2024 at 12.617838
The intermediate-term trend has been DOWN since Jul 25th, 2024 at 11.746967
The short-term trend has been DOWN since Jul 19th, 2024 at 12.108585
Smart Scan Analysis for CNYRUB
Based on our trend formula, CNYRUB is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.728168 | 11.911371 | 11.720744 | 11.868942 | +0.140774 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.728168 | 2024-07-26 19:57:55 |