Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Chinese Yuan Renminbi/Russian Ruble (FOREX:CNYRUB)
Weak Downtrend (-65) - CNYRUB is showing signs of a strengthening downtrend. Monitor CNYRUB as it may be building momentum to the downside.
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 Jan 22nd, 2021 at 11.451802
The intermediate-term trend has been DOWN since Feb 15th, 2021 at 11.391301
The short-term trend has been DOWN since Mar 4th, 2021 at 11.373005
Smart Scan Analysis for CNYRUB
Based on our trend formula, CNYRUB is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).