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.
MarketClub’s Trade Triangles for CNYINR
The long-term trend has been UP since Nov 7th, 2019 at 10.215500
The intermediate-term trend has been UP since Jan 4th, 2021 at 11.316296
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).