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Forex Trend Analysis Report

Prepared for you on Monday, August 8, 2022.

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

Crossroads (-60) - CNHINR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
11.7 11.7 11.7 11.7 0.0
Entry Signal

MarketClub’s Trade Triangles for CNHINR

long term up The long-term trend has been UP since Aug 1st, 2022 at 11.73

intermediate term down The intermediate-term trend has been DOWN since Aug 2nd, 2022 at 11.73

short term down The short-term trend has been DOWN since Aug 2nd, 2022 at 11.72

Smart Scan Analysis for CNHINR

Based on our trend formula, CNHINR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for CNHINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.7 11.7 11.7 11.7 0.0
Prev. Close Volume Bid Ask Time
11.7 2022-08-04 15:14:11
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