Forex Trend Analysis Report
Prepared for you on Saturday, January 22, 2022.
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.
MarketClub’s Trade Triangles for CNHINR
The long-term trend has been UP since Oct 19th, 2021 at 89.35
The intermediate-term trend has been DOWN since Dec 28th, 2021 at 11.77
The short-term trend has been UP since Jan 18th, 2022 at 11.70
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).