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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

Russian Ruble/Chinese Yuan Renminbi (FOREX:RUBCNY)

Bull Market Weakness (+75) - RUBCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on RUBCNY as it may be in the beginning stages of a reversal.

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.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_RUBCNY
Open High Low RUBCNY Price Change
0.07966344 0.08010100 0.07911229 0.07933380 -0.00033000
Entry Signal

MarketClub’s Trade Triangles for RUBCNY

long term up The long-term trend has been UP since May 24th, 2024 at 0.07925301

intermediate term up The intermediate-term trend has been UP since May 2nd, 2024 at 0.07741404

short term down The short-term trend has been DOWN since May 29th, 2024 at 0.07922099

Smart Scan Analysis for RUBCNY

Based on our trend formula, RUBCNY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for RUBCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07966344 0.08010100 0.07911229 0.07933380 -0.00033000
Prev. Close Volume Bid Ask Time
0.07966344 2024-05-29 23:23:33
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