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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.

FOREX_CNHINR
Open High Low CNHINR Price Change
10.589 10.589 10.589 10.589 0.000
Entry Signal

MarketClub’s Trade Triangles for CNHINR

long term up The long-term trend has been UP since Nov 8th, 2019 at 10.1532

intermediate term down The intermediate-term trend has been DOWN since May 4th, 2020 at 10.6950

short term down 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).

-60
Smart Scan Analysis for CNHINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.589 10.589 10.589 10.589 0.000
Prev. Close Volume Bid Ask Time
10.589 10.579 10.599 2020-05-29 17:00:57
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