Forex Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
Chinese Yuan Renminbi Offshore/Indian Rupee (FOREX:CNHINR)
Strong Downtrend (-100) - CNHINR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNHINR continues to fall. Traders should use caution and set stops.
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 DOWN since May 3rd, 2023 at 11.78
The intermediate-term trend has been DOWN since Apr 6th, 2023 at 11.95
The short-term trend has been DOWN since Apr 25th, 2023 at 11.90
Smart Scan Analysis for CNHINR
Based on our trend formula, CNHINR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).