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.
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 DOWN since Feb 7th, 2021 at 11.243671
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).