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Forex Trend Analysis Report

Prepared for you on Wednesday, February 24, 2021.

Chinese Yuan Renminbi/Indian Rupee (FOREX:CNYINR)

Crossroads (-60) - CNYINR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
11.192423 11.233240 11.185528 11.217587 +0.025164
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 down The intermediate-term trend has been DOWN since Feb 7th, 2021 at 11.243671

short term down The short-term trend has been DOWN since Feb 18th, 2021 at 11.233579

Smart Scan Analysis for CNYINR

Based on our trend formula, CNYINR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for CNYINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.192423 11.233240 11.185528 11.217587 +0.025164
Prev. Close Volume Bid Ask Time
11.192423 2021-02-24 18:36:05
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