Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

Russian Ruble/Chinese Yuan Renminbi (FOREX:RUBCNY)

Bear Market Rally (-75) - RUBCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on RUBCNY as it may be in the beginning 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.

Open	High	Low	RUBCNY Price	Change
0.07566683	0.07621378	0.07566283	0.07618521	+0.00051800
Entry Signal

MarketClub’s Trade Triangles for RUBCNY

The long-term trend has been DOWN since Feb 22nd, 2024 at 0.07604595

The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.07555540

The short-term trend has been UP since Apr 19th, 2024 at 0.07604089

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

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.07566683	0.07621378	0.07566283	0.07618521	+0.00051800
Prev. Close	Volume	Bid	Ask	Time
0.07566683				2024-04-23 16:51:28

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