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Forex Trend Analysis Report

Prepared for you on Wednesday, December 1, 2021.

Chinese Yuan Renminbi/Russian Ruble (FOREX:CNYRUB)

Countertrend Up (+85) - CNYRUB is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
11.662454 11.662454 11.590360 11.600278 -0.062176
Entry Signal

MarketClub’s Trade Triangles for CNYRUB

long term up The long-term trend has been UP since Nov 16th, 2021 at 11.468367

intermediate term up The intermediate-term trend has been UP since Nov 2nd, 2021 at 11.217212

short term down The short-term trend has been DOWN since Nov 29th, 2021 at 11.665541

Smart Scan Analysis for CNYRUB

Based on our trend formula, CNYRUB is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CNYRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.662454 11.662454 11.590360 11.600278 -0.062176
Prev. Close Volume Bid Ask Time
11.662454 2021-12-01 13:14:20
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