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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.
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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 Feb 24th, 2020 at 10.251913
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).
| 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 |