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Forex Trend Analysis Report

Prepared for you on Sunday, December 8, 2024.

Chinese Yuan Renminbi/Indian Rupee (FOREX:CNYINR)

Bear Market Rally (-75) - CNYINR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNYINR as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid CNYINR?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYINR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNYINR
Open High Low CNYINR Price Change
11.661712 11.661712 11.638689 11.661712 0.000000
Entry Signal

MarketClub’s Trade Triangles for CNYINR

long term down The long-term trend has been DOWN since Dec 2nd, 2024 at 11.619181

intermediate term down The intermediate-term trend has been DOWN since Nov 5th, 2024 at 11.766351

short term down The short-term trend has been DOWN since Dec 2nd, 2024 at 11.635614

Smart Scan Analysis for CNYINR

Based on our trend formula, CNYINR is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for CNYINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.661712 11.661712 11.638689 11.661712 0.000000
Prev. Close Volume Bid Ask Time
11.661712 2024-12-07 04:22:59
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