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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.

FOREX_CNYRUB
Open High Low CNYRUB Price Change
12.933904 13.092063 12.923423 12.988412 +0.054508
Entry Signal

MarketClub’s Trade Triangles for CNYRUB

long term down The long-term trend has been DOWN since Nov 8th, 2023 at 12.778697

intermediate term up The intermediate-term trend has been UP since Dec 4th, 2023 at 12.902202

short term up 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).

+60
Smart Scan Analysis for CNYRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.933904 13.092063 12.923423 12.988412 +0.054508
Prev. Close Volume Bid Ask Time
12.933904 2023-12-07 15:46:35
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