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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.
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MarketClub’s Trade Triangles for RUBCNY
The long-term trend has been DOWN since Sep 18th, 2024 at 0.07648965
The intermediate-term trend has been DOWN since Dec 30th, 2024 at 0.06694820
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).
| 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 |