Forex Trend Analysis Report
Prepared for you on Tuesday, August 11, 2020.
Chinese Yuan Renminbi/Indian Rupee (FOREX:CNYINR)
Bull Market Weakness (+75) - CNYINR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYINR as it may be in the beginning stages of a reversal.
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 UP since Nov 7th, 2019 at 10.215500
The intermediate-term trend has been UP since Jul 13th, 2020 at 10.764372
The short-term trend has been DOWN since Aug 10th, 2020 at 10.747005
Smart Scan Analysis for CNYINR
Based on our trend formula, CNYINR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).