Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
Chinese Yuan Renminbi/Indian Rupee (FOREX:CNYINR)
Strong Downtrend (-100) - CNYINR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNYINR continues to fall. Traders should use caution and set stops.
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 DOWN since Apr 28th, 2022 at 11.573128
The intermediate-term trend has been DOWN since Jul 29th, 2022 at 11.749476
The short-term trend has been DOWN since Aug 15th, 2022 at 11.736783
Smart Scan Analysis for CNYINR
Based on our trend formula, CNYINR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).