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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Chinese Yuan Renminbi/Indian Rupee (FOREX:CNYINR)

Strong Downtrend (-100) - CNYINR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNYINR continues to fall. 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
11.708006 11.737149 11.698031 11.722642 +0.014636
Entry Signal

MarketClub’s Trade Triangles for CNYINR

long term down The long-term trend has been DOWN since Apr 28th, 2022 at 11.573128

intermediate term down The intermediate-term trend has been DOWN since Jul 29th, 2022 at 11.749476

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 11.736783

Smart Scan Analysis for CNYINR

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

-100
Smart Scan Analysis for CNYINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.708006 11.737149 11.698031 11.722642 +0.014636
Prev. Close Volume Bid Ask Time
11.708006 2022-08-19 16:48:57
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