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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

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.

FOREX_CNHINR
Open High Low CNHINR Price Change
11.490 11.490 11.485 11.485 -0.005
Entry Signal

MarketClub’s Trade Triangles for CNHINR

long term up The long-term trend has been UP since May 16th, 2024 at 11.56

intermediate term down The intermediate-term trend has been DOWN since May 22nd, 2024 at 11.53

short term down The short-term trend has been DOWN since May 22nd, 2024 at 11.53

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).

-70
Smart Scan Analysis for CNHINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.490 11.490 11.485 11.485 -0.005
Prev. Close Volume Bid Ask Time
11.485 2024-05-22 23:09:31
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