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Forex Trend Analysis Report

Prepared for you on Monday, July 22, 2024.

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
11.468508 11.477119 11.465852 11.473373 +0.004865
Entry Signal

MarketClub’s Trade Triangles for CNHINR

long term down The long-term trend has been DOWN since Jun 19th, 2024 at 11.450000

intermediate term up The intermediate-term trend has been UP since Jul 17th, 2024 at 11.501305

short term down The short-term trend has been DOWN since Jul 22nd, 2024 at 11.472837

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
11.468508 11.477119 11.465852 11.473373 +0.004865
Prev. Close Volume Bid Ask Time
11.468508 2024-07-22 07:59:05
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