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Forex Trend Analysis Report

Prepared for you on Wednesday, August 5, 2020.

Chinese Yuan Renminbi Offshore/Indian Rupee (FOREX:CNHINR)

Sidelines Mode (-55) - CNHINR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_CNHINR
Open High Low CNHINR Price Change
10.695 10.695 10.695 10.695 0.000
Entry Signal

MarketClub’s Trade Triangles for CNHINR

long term up The long-term trend has been UP since Nov 8th, 2019 at 10.1532

intermediate term down The intermediate-term trend has been DOWN since Jul 2nd, 2020 at 10.6700

short term up The short-term trend has been UP since Jul 27th, 2020 at 10.6815

Smart Scan Analysis for CNHINR

Based on our trend formula, CNHINR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CNHINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.695 10.695 10.695 10.695 0.000
Prev. Close Volume Bid Ask Time
10.697 10.685 10.705 2020-07-27 16:02:37
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