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Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2024.
Russian Ruble/Chinese Yuan Renminbi (FOREX:RUBCNY)
Long-Term Downtrend (-90) - RUBCNY is in a strong downtrend that is likely to continue. While RUBCNY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid RUBCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for RUBCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for RUBCNY
The long-term trend has been DOWN since Feb 22nd, 2024 at 0.07604595
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.07555540
The short-term trend has been DOWN since Apr 16th, 2024 at 0.07555540
Smart Scan Analysis for RUBCNY
Based on our trend formula, RUBCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.07540720 | 0.07560714 | 0.07523249 | 0.07560511 | +0.00019800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.07540720 | 2024-04-18 22:11:08 |