Forex Trend Analysis Report
Prepared for you on Thursday, December 9, 2021.
Chinese Yuan Renminbi/Indian Rupee (FOREX:CNYINR)
Strong Uptrend (+100) - CNYINR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYINR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for CNYINR
The long-term trend has been UP since Oct 6th, 2021 at 11.592141
The intermediate-term trend has been UP since Nov 24th, 2021 at 11.727330
The short-term trend has been UP since Dec 3rd, 2021 at 11.822832
Smart Scan Analysis for CNYINR
Based on our trend formula, CNYINR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).