Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Chinese Yuan Renminbi/Indian Rupee (FOREX:CNYINR)
Bull Market Weakness (+75) - CNYINR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYINR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CNYINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYINR.
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 CNYINR
The long-term trend has been UP since Nov 14th, 2023 at 11.731442
The intermediate-term trend has been UP since Apr 17th, 2024 at 11.789873
The short-term trend has been DOWN since May 6th, 2024 at 11.764520
Smart Scan Analysis for CNYINR
Based on our trend formula, CNYINR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.748059 | 11.787760 | 11.745649 | 11.779245 | +0.031186 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.748059 | 2024-05-09 12:26:46 |