Forex Trend Analysis Report
Prepared for you on Saturday, September 30, 2023.
Russian Ruble/Japanese Yen (FOREX:RUBJPY)
Bear Market Rally (-75) - RUBJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on RUBJPY as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid RUBJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for RUBJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RUBJPY
The long-term trend has been DOWN since Jul 3rd, 2022 at 1.7760402
The intermediate-term trend has been UP since Aug 17th, 2023 at 1.5899615
The short-term trend has been DOWN since Sep 26th, 2023 at 1.5353986
Smart Scan Analysis for RUBJPY
Based on our trend formula, RUBJPY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).