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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
Chinese Yuan Renminbi/Indian Rupee (FOREX:CNYINR)
Countertrend Up (+85) - CNYINR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Feb 2nd, 2025 at 12.093423
The intermediate-term trend has been UP since Dec 9th, 2024 at 11.698014
The short-term trend has been DOWN since Feb 3rd, 2025 at 12.027881
Smart Scan Analysis for CNYINR
Based on our trend formula, CNYINR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.960734 | 12.030508 | 11.959235 | 12.025987 | +0.065253 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.960734 | 2025-02-05 04:57:53 |