Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Chinese Yuan Renminbi Offshore/Indian Rupee (FOREX:CNHINR)
Weak Downtrend (-65) - CNHINR is showing signs of a strengthening downtrend. Monitor CNHINR as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for CNHINR
The long-term trend has been UP since Nov 8th, 2019 at 10.1532
The intermediate-term trend has been DOWN since Feb 19th, 2021 at 11.2550
The short-term trend has been DOWN since Feb 18th, 2021 at 11.3100
Smart Scan Analysis for CNHINR
Based on our trend formula, CNHINR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).