Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
Chinese Yuan Renminbi/Indian Rupee (FOREX:CNYINR)
Long-Term Downtrend (-90) - CNYINR is in a strong downtrend that is likely to continue. While CNYINR is showing intraday strength, it remains in the confines of a bearish trend. 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 Sep 28th, 2023 at 11.280085
The intermediate-term trend has been DOWN since Sep 28th, 2023 at 11.335281
The short-term trend has been DOWN since Sep 20th, 2023 at 11.540772
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).