Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, April 20, 2024.

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
11.758868 11.758868 11.758868 11.758868 0.000000
Entry Signal

MarketClub’s Trade Triangles for CNYINR

long term up The long-term trend has been UP since Nov 14th, 2023 at 11.731442

intermediate term up The intermediate-term trend has been UP since Apr 17th, 2024 at 11.789873

short term up The short-term trend has been UP since Apr 16th, 2024 at 11.773416

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
11.758868 11.758868 11.758868 11.758868 0.000000
Prev. Close Volume Bid Ask Time
11.758868 2024-04-20 20:39:49
Get a free daily analysis and signals for Chinese Yuan Renminbi/Indian Rupee (CNYINR) - Request Your Free Report.