Forex Trend Analysis Report
Prepared for you on Saturday, December 2, 2023.
Russian Ruble/Chinese Yuan Renminbi (FOREX:RUBCNY)
Sidelines Mode (+55) - RUBCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for RUBCNY
The long-term trend has been UP since Nov 8th, 2023 at 0.07825537
The intermediate-term trend has been UP since Oct 20th, 2023 at 0.07509017
The short-term trend has been DOWN since Nov 30th, 2023 at 0.07921701
Smart Scan Analysis for RUBCNY
Based on our trend formula, RUBCNY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).