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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.

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FOREX_RUBCNY
Open High Low RUBCNY Price Change
0.08908888 0.08987750 0.08875431 0.08875431 -0.00033500
Entry Signal

MarketClub’s Trade Triangles for RUBCNY

long term down The long-term trend has been DOWN since Dec 5th, 2022 at 0.11072601

intermediate term down The intermediate-term trend has been DOWN since Feb 6th, 2023 at 0.09523872

short term down 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).

-100
Smart Scan Analysis for RUBCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08908888 0.08987750 0.08875431 0.08875431 -0.00033500
Prev. Close Volume Bid Ask Time
0.08908888 2023-03-20 21:05:11
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