Forex Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
Chinese Yuan Renminbi/Indian Rupee (FOREX:CNYINR)
Long-Term Uptrend (+90) - CNYINR is in a strong uptrend that is likely to continue. While CNYINR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for CNYINR
The long-term trend has been UP since Dec 5th, 2022 at 11.664928
The intermediate-term trend has been UP since Mar 21st, 2023 at 12.030957
The short-term trend has been UP since Mar 21st, 2023 at 12.030555
Smart Scan Analysis for CNYINR
Based on our trend formula, CNYINR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).