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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.

FOREX_RUBCNY
Open High Low RUBCNY Price Change
0.07941624 0.07947688 0.07750628 0.07788750 -0.00152900
Entry Signal

MarketClub’s Trade Triangles for RUBCNY

long term up The long-term trend has been UP since Nov 8th, 2023 at 0.07825537

intermediate term up The intermediate-term trend has been UP since Oct 20th, 2023 at 0.07509017

short term down 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).

+55
Smart Scan Analysis for RUBCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07941624 0.07947688 0.07750628 0.07788750 -0.00152900
Prev. Close Volume Bid Ask Time
0.07941624 2023-12-01 17:11:13
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