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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.

FOREX_CNHINR
Open High Low CNHINR Price Change
11.663091 11.673352 11.661051 11.669296 +0.006205
Entry Signal

MarketClub’s Trade Triangles for CNHINR

long term down The long-term trend has been DOWN since Dec 3rd, 2024 at 11.594287

intermediate term up The intermediate-term trend has been UP since Dec 24th, 2024 at 11.722593

short term up 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).

+70
Smart Scan Analysis for CNHINR
Strong Downtrend Sideways 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
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