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.
MarketClub’s Trade Triangles for CNYRUB
The long-term trend has been UP since Nov 16th, 2021 at 11.468367
The intermediate-term trend has been UP since Nov 2nd, 2021 at 11.217212
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).