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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.
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MarketClub’s Trade Triangles for CNYINR
The long-term trend has been DOWN since Dec 2nd, 2024 at 11.619181
The intermediate-term trend has been DOWN since Nov 5th, 2024 at 11.766351
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).
| 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 |