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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Chinese Yuan Renminbi/Indian Rupee (FOREX:CNYINR)

Weak Downtrend (-65) - CNYINR is showing signs of a strengthening downtrend. Monitor CNYINR as it may be building momentum to the downside.

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
11.654985 11.660712 11.648505 11.651440 -0.003545
Entry Signal

MarketClub’s Trade Triangles for CNYINR

long term up The long-term trend has been UP since Sep 25th, 2024 at 12.040580

intermediate term down The intermediate-term trend has been DOWN since Nov 5th, 2024 at 11.766351

short term down The short-term trend has been DOWN since Nov 5th, 2024 at 11.794060

Smart Scan Analysis for CNYINR

Based on our trend formula, CNYINR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CNYINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.654985 11.660712 11.648505 11.651440 -0.003545
Prev. Close Volume Bid Ask Time
11.654985 2024-11-20 03:37:28
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