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Forex Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

Chinese Yuan Renminbi/Russian Ruble (FOREX:CNYRUB)

Bear Market Rally (-75) - CNYRUB is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNYRUB as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid CNYRUB?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYRUB.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNYRUB
Open High Low CNYRUB Price Change
12.605073 12.726502 12.599014 12.656610 +0.051537
Entry Signal

MarketClub’s Trade Triangles for CNYRUB

long term down The long-term trend has been DOWN since May 24th, 2024 at 12.617838

intermediate term down The intermediate-term trend has been DOWN since Apr 25th, 2024 at 12.970859

short term up The short-term trend has been UP since May 29th, 2024 at 12.613129

Smart Scan Analysis for CNYRUB

Based on our trend formula, CNYRUB is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CNYRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.605073 12.726502 12.599014 12.656610 +0.051537
Prev. Close Volume Bid Ask Time
12.605073 2024-05-30 05:19:38
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