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Forex Trend Analysis Report

Prepared for you on Tuesday, January 19, 2021.

Chinese Yuan Renminbi/Indian Rupee (FOREX:CNYINR)

Weak Uptrend (+65) - CNYINR is showing signs of weakening momentum to the upside. Monitor CNYINR as it may be in the beginning stages 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
11.276333 11.283054 11.274039 11.279104 +0.002771
Entry Signal

MarketClub’s Trade Triangles for CNYINR

long term up The long-term trend has been UP since Nov 7th, 2019 at 10.215500

intermediate term up The intermediate-term trend has been UP since Jan 4th, 2021 at 11.316296

short term down The short-term trend has been DOWN since Jan 12th, 2021 at 11.314388

Smart Scan Analysis for CNYINR

Based on our trend formula, CNYINR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CNYINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.276333 11.283054 11.274039 11.279104 +0.002771
Prev. Close Volume Bid Ask Time
11.276333 2021-01-19 00:24:55
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