Forex Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
Chinese Yuan Renminbi/Russian Ruble (FOREX:CNYRUB)
Crossroads (+60) - CNYRUB is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for CNYRUB
The long-term trend has been DOWN since Nov 8th, 2023 at 12.778697
The intermediate-term trend has been UP since Dec 4th, 2023 at 12.902202
The short-term trend has been UP since Nov 30th, 2023 at 12.641177
Smart Scan Analysis for CNYRUB
Based on our trend formula, CNYRUB is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).