Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Chinese Yuan Renminbi Offshore/Indian Rupee (FOREX:CNHINR)
Bull Market Weakness (+75) - CNHINR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNHINR as it may be in the beginning stages of a reversal.
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 Oct 19th, 2021 at 89.35
The intermediate-term trend has been UP since Sep 30th, 2021 at 11.44
The short-term trend has been UP since Sep 30th, 2021 at 11.43
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).