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Forex Trend Analysis Report

Prepared for you on Friday, June 21, 2024.

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.

FOREX_CNYINR
Open High Low CNYINR Price Change
11.507801 11.517980 11.497147 11.508298 +0.000497
Entry Signal

MarketClub’s Trade Triangles for CNYINR

long term down The long-term trend has been DOWN since Jun 5th, 2024 at 11.664114

intermediate term down The intermediate-term trend has been DOWN since Jun 5th, 2024 at 11.664114

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 11.527868

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
11.507801 11.517980 11.497147 11.508298 +0.000497
Prev. Close Volume Bid Ask Time
11.507801 2024-06-21 07:36:18
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