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Forex Trend Analysis Report

Prepared for you on Tuesday, August 11, 2020.

Chinese Yuan Renminbi/Indian Rupee (FOREX:CNYINR)

Bull Market Weakness (+75) - CNYINR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYINR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid CNYINR?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYINR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNYINR
Open High Low CNYINR Price Change
10.769523 10.774837 10.706474 10.740546 -0.028977
Entry Signal

MarketClub’s Trade Triangles for CNYINR

long term up The long-term trend has been UP since Nov 7th, 2019 at 10.215500

intermediate term up The intermediate-term trend has been UP since Jul 13th, 2020 at 10.764372

short term down The short-term trend has been DOWN since Aug 10th, 2020 at 10.747005

Smart Scan Analysis for CNYINR

Based on our trend formula, CNYINR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for CNYINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.769523 10.774837 10.706474 10.740546 -0.028977
Prev. Close Volume Bid Ask Time
10.769523 10.730729 10.750362 2020-08-11 21:01:06
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