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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi Offshore/Indian Rupee (FOREX:CNHINR)
Long-Term Uptrend (+90) - CNHINR is in a strong uptrend that is likely to continue. While CNHINR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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MarketClub’s Trade Triangles for CNHINR
The long-term trend has been UP since Jul 25th, 2024 at 11.570000
The intermediate-term trend has been UP since Jul 17th, 2024 at 11.501305
The short-term trend has been UP since Jul 25th, 2024 at 11.530339
Smart Scan Analysis for CNHINR
Based on our trend formula, CNHINR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.542801 | 11.548449 | 11.513175 | 11.514948 | -0.027853 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.542801 | 2024-07-26 20:27:26 |