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Forex Trend Analysis Report
Prepared for you on Sunday, November 24, 2024.
Chinese Yuan Renminbi/Russian Ruble (FOREX:CNYRUB)
Long-Term Uptrend (+90) - CNYRUB is in a strong uptrend that is likely to continue. While CNYRUB is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
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MarketClub’s Trade Triangles for CNYRUB
The long-term trend has been UP since Sep 18th, 2024 at 13.072351
The intermediate-term trend has been UP since Nov 21st, 2024 at 14.004819
The short-term trend has been UP since Nov 14th, 2024 at 13.687220
Smart Scan Analysis for CNYRUB
Based on our trend formula, CNYRUB is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 14.401319 | 14.403259 | 14.401319 | 14.401319 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 14.401319 | 2024-11-24 10:45:10 |