Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, December 6, 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
11.655900 11.657508 11.627024 11.647335 -0.008565
Entry Signal

MarketClub’s Trade Triangles for CNHINR

long term down The long-term trend has been DOWN since Dec 3rd, 2024 at 11.594287

intermediate term down The intermediate-term trend has been DOWN since Oct 15th, 2024 at 11.804310

short term up The short-term trend has been UP since Dec 5th, 2024 at 11.658660

Smart Scan Analysis for CNHINR

Based on our trend formula, CNHINR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for CNHINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.655900 11.657508 11.627024 11.647335 -0.008565
Prev. Close Volume Bid Ask Time
11.655900 2024-12-06 02:00:06
Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/Indian Rupee (CNHINR) - Request Your Free Report.