Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
Russian Ruble/Chinese Yuan Renminbi (FOREX:RUBCNY)
Strong Downtrend (-100) - RUBCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, RUBCNY continues to fall. 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.
MarketClub’s Trade Triangles for RUBCNY
The long-term trend has been DOWN since Dec 5th, 2022 at 0.11072601
The intermediate-term trend has been DOWN since Feb 6th, 2023 at 0.09523872
The short-term trend has been DOWN since Mar 8th, 2023 at 0.09119998
Smart Scan Analysis for RUBCNY
Based on our trend formula, RUBCNY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).