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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.

FOREX_CNYINR
Open High Low CNYINR Price Change
12.013274 12.019664 11.971115 11.989851 -0.023423
Entry Signal

MarketClub’s Trade Triangles for CNYINR

long term up The long-term trend has been UP since Dec 5th, 2022 at 11.664928

intermediate term up The intermediate-term trend has been UP since Mar 21st, 2023 at 12.030957

short term up 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).

+90
Smart Scan Analysis for CNYINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.013274 12.019664 11.971115 11.989851 -0.023423
Prev. Close Volume Bid Ask Time
12.013274 2023-03-24 17:07:36
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