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Forex Trend Analysis Report

Prepared for you on Friday, June 14, 2024.

Chinese Yuan Renminbi/Russian Ruble (FOREX:CNYRUB)

Long-Term Downtrend (-90) - CNYRUB is in a strong downtrend that is likely to continue. While CNYRUB is showing intraday strength, it remains in the confines of a bearish trend. 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.

FOREX_CNYRUB
Open High Low CNYRUB Price Change
12.112739 12.352130 12.111618 12.284751 +0.172012
Entry Signal

MarketClub’s Trade Triangles for CNYRUB

long term down The long-term trend has been DOWN since May 24th, 2024 at 12.617838

intermediate term down The intermediate-term trend has been DOWN since Apr 25th, 2024 at 12.970859

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 12.313472

Smart Scan Analysis for CNYRUB

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

-90
Smart Scan Analysis for CNYRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.112739 12.352130 12.111618 12.284751 +0.172012
Prev. Close Volume Bid Ask Time
12.112739 2024-06-14 05:13:44
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