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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Chinese Yuan Renminbi Offshore/Indian Rupee (FOREX:CNHINR)
Bull Market Weakness (+75) - CNHINR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNHINR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CNHINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNHINR.
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 CNHINR
The long-term trend has been DOWN since Dec 3rd, 2024 at 11.594287
The intermediate-term trend has been UP since Dec 24th, 2024 at 11.722593
The short-term trend has been UP since Dec 20th, 2024 at 11.686636
Smart Scan Analysis for CNHINR
Based on our trend formula, CNHINR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.663091 | 11.673352 | 11.661051 | 11.669296 | +0.006205 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.663091 | 2024-12-26 05:39:57 |