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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Chinese Yuan Renminbi Offshore/Indian Rupee (FOREX:CNHINR)

Strong Downtrend (-100) - CNHINR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNHINR continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CNHINR?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNHINR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNHINR
Open High Low CNHINR Price Change
11.49 11.49 11.49 11.49 0.00
Entry Signal

MarketClub’s Trade Triangles for CNHINR

long term down The long-term trend has been DOWN since Mar 27th, 2024 at 11.50

intermediate term down The intermediate-term trend has been DOWN since Feb 1st, 2024 at 11.58

short term down The short-term trend has been DOWN since Mar 27th, 2024 at 11.51

Smart Scan Analysis for CNHINR

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

-100
Smart Scan Analysis for CNHINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.49 11.49 11.49 11.49 0.00
Prev. Close Volume Bid Ask Time
11.49 2024-03-27 21:17:52
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