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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Russian Ruble/Chinese Yuan Renminbi (FOREX:RUBCNY)
Crossroads (-60) - RUBCNY is struggling to move into a solid trend. Beware of choppy markets 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.
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MarketClub’s Trade Triangles for RUBCNY
The long-term trend has been DOWN since Sep 18th, 2024 at 0.07648965
The intermediate-term trend has been UP since Nov 11th, 2024 at 0.07468400
The short-term trend has been UP since Nov 20th, 2024 at 0.07261453
Smart Scan Analysis for RUBCNY
Based on our trend formula, RUBCNY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.07260084 | 0.07261496 | 0.07212179 | 0.07216978 | -0.00043100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.07260084 | 2024-11-20 03:26:59 |