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Forex Trend Analysis Report

Prepared for you on Wednesday, January 26, 2022.

Russian Ruble/Chinese Yuan Renminbi (FOREX:RUBCNY)

Strong Downtrend (-100) - RUBCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, RUBCNY continues to fall. Traders should use caution and set stops.

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

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

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FOREX_RUBCNY
Open High Low RUBCNY Price Change
0.08035420 0.08046425 0.07980288 0.07981132 -0.00054300
Entry Signal

MarketClub’s Trade Triangles for RUBCNY

long term down The long-term trend has been DOWN since Nov 16th, 2021 at 0.08719652

intermediate term down The intermediate-term trend has been DOWN since Dec 30th, 2021 at 0.08550514

short term down The short-term trend has been DOWN since Jan 13th, 2022 at 0.08466968

Smart Scan Analysis for RUBCNY

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

-100
Smart Scan Analysis for RUBCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08035420 0.08046425 0.07980288 0.07981132 -0.00054300
Prev. Close Volume Bid Ask Time
0.08035420 2022-01-26 10:10:45
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