Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Chinese Yuan Renminbi/Indian Rupee (FOREX:CNYINR)
Long-Term Uptrend (+90) - CNYINR is in a strong uptrend that is likely to continue. While CNYINR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for CNYINR
The long-term trend has been UP since Oct 6th, 2021 at 11.592141
The intermediate-term trend has been UP since Sep 28th, 2021 at 11.455114
The short-term trend has been UP since Oct 25th, 2021 at 11.762176
Smart Scan Analysis for CNYINR
Based on our trend formula, CNYINR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).