Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
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.
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 May 4th, 2020 at 10.6950
The short-term trend has been DOWN since May 22nd, 2020 at 10.6300
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).