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Forex Trend Analysis Report
Prepared for you on Friday, May 3, 2024.
Chinese Yuan Renminbi/Russian Ruble (FOREX:CNYRUB)
Weak Downtrend (-65) - CNYRUB is showing signs of a strengthening downtrend. Monitor CNYRUB as it may be building momentum to the downside.
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 Feb 22nd, 2024 at 13.149967
The intermediate-term trend has been DOWN since Apr 25th, 2024 at 12.970859
The short-term trend has been DOWN since May 2nd, 2024 at 12.972546
Smart Scan Analysis for CNYRUB
Based on our trend formula, CNYRUB is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 13.093392 | 13.221441 | 12.866917 | 12.933637 | -0.159755 |
| Prev. Close | Volume | Bid | Ask | Time |
| 13.093392 | 2024-05-03 12:15:05 |
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