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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.

FOREX_CNYINR
Open High Low CNYINR Price Change
11.410700 11.484480 11.263140 11.468157 +0.057457
Entry Signal

MarketClub’s Trade Triangles for CNYINR

long term down The long-term trend has been DOWN since Sep 28th, 2023 at 11.280085

intermediate term down The intermediate-term trend has been DOWN since Sep 28th, 2023 at 11.335281

short term down 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).

-90
Smart Scan Analysis for CNYINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.410700 11.484480 11.263140 11.468157 +0.057457
Prev. Close Volume Bid Ask Time
11.410700 2023-09-28 17:30:33
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