Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, October 28, 2021.

Chinese Yuan Renminbi/Russian Ruble (FOREX:CNYRUB)

Bear Market Rally (-75) - CNYRUB is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNYRUB as it may be in the beginning of a reversal.

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
11.046154 11.054005 10.970536 11.000009 -0.046145
Entry Signal

MarketClub’s Trade Triangles for CNYRUB

long term down The long-term trend has been DOWN since Jun 24th, 2021 at 11.166430

intermediate term down The intermediate-term trend has been DOWN since Oct 7th, 2021 at 11.201519

short term up The short-term trend has been UP since Oct 27th, 2021 at 11.048671

Smart Scan Analysis for CNYRUB

Based on our trend formula, CNYRUB is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CNYRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.046154 11.054005 10.970536 11.000009 -0.046145
Prev. Close Volume Bid Ask Time
11.046154 2021-10-28 17:03:28
Get a free daily analysis and signals for Chinese Yuan Renminbi/Russian Ruble (CNYRUB) - Request Your Free Report.