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Forex Trend Analysis Report

Prepared for you on Thursday, January 16, 2025.

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.

FOREX_RUBCNY
Open High Low RUBCNY Price Change
0.07152613 0.07162792 0.07073570 0.07075450 -0.00077200
Entry Signal

MarketClub’s Trade Triangles for RUBCNY

long term down The long-term trend has been DOWN since Sep 18th, 2024 at 0.07648965

intermediate term down The intermediate-term trend has been DOWN since Dec 30th, 2024 at 0.06694820

short term down The short-term trend has been DOWN since Jan 16th, 2025 at 0.07074841

Smart Scan Analysis for RUBCNY

Based on our trend formula, RUBCNY is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for RUBCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07152613 0.07162792 0.07073570 0.07075450 -0.00077200
Prev. Close Volume Bid Ask Time
0.07152613 2025-01-16 20:35:28
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