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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
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 Sep 18th, 2024 at 13.072351
The intermediate-term trend has been UP since Dec 30th, 2024 at 14.936922
The short-term trend has been DOWN since Jan 20th, 2025 at 13.935317
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 |
|---|---|---|---|---|
| 14.010824 | 14.015455 | 13.910424 | 13.927181 | -0.083643 |
| Prev. Close | Volume | Bid | Ask | Time |
| 14.010824 | 2025-01-20 09:43:22 |