Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

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.

FOREX_CNYINR
Open High Low CNYINR Price Change
10.763600 10.835223 10.758260 10.805452 +0.041852
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 Feb 24th, 2020 at 10.251913

short term up The short-term trend has been UP since Mar 31st, 2020 at 10.667831

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).

+90
Smart Scan Analysis for CNYINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.763600 10.835223 10.758260 10.805452 +0.041852
Prev. Close Volume Bid Ask Time
10.763600 10.795017 10.815887 2020-04-09 07:34:14
Get a free daily analysis and signals for Chinese Yuan Renminbi/Indian Rupee (CNYINR) - Request Your Free Report.