Forex Trend Analysis Report
Prepared for you on Monday, August 2, 2021.
Russian Ruble/Chinese Yuan Renminbi (FOREX:RUBCNY)
Strong Uptrend (+100) - RUBCNY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, RUBCNY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for RUBCNY
The long-term trend has been UP since Jun 24th, 2021 at 0.08945471
The intermediate-term trend has been UP since Jul 28th, 2021 at 0.08843473
The short-term trend has been UP since Jul 21st, 2021 at 0.08733619
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).