Forex Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
Chinese Yuan Renminbi/Russian Ruble (FOREX:CNYRUB)
Long-Term Uptrend (+90) - CNYRUB is in a strong uptrend that is likely to continue. While CNYRUB is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Dec 5th, 2022 at 9.031320
The intermediate-term trend has been UP since Feb 5th, 2023 at 10.483625
The short-term trend has been UP since Mar 30th, 2023 at 11.234293
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).