Forex Trend Analysis Report
Prepared for you on Sunday, March 7, 2021.
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 DOWN since Dec 14th, 2020 at 0.08840449
The intermediate-term trend has been UP since Feb 15th, 2021 at 0.08778643
The short-term trend has been DOWN since Mar 4th, 2021 at 0.08671303
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).