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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

Russian Ruble/Chinese Yuan Renminbi (FOREX:RUBCNY)

Long-Term Downtrend (-90) - RUBCNY is in a strong downtrend that is likely to continue. While RUBCNY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

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FOREX_RUBCNY
Open High Low RUBCNY Price Change
0.08877891 0.08948485 0.08870065 0.08944864 +0.00067000
Entry Signal

MarketClub’s Trade Triangles for RUBCNY

long term down The long-term trend has been DOWN since Dec 5th, 2022 at 0.11072601

intermediate term down The intermediate-term trend has been DOWN since Feb 6th, 2023 at 0.09523872

short term down The short-term trend has been DOWN since Mar 8th, 2023 at 0.09119998

Smart Scan Analysis for RUBCNY

Based on our trend formula, RUBCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for RUBCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08877891 0.08948485 0.08870065 0.08944864 +0.00067000
Prev. Close Volume Bid Ask Time
0.08877891 2023-03-21 09:24:12
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