Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Indian Rupee/Chinese Yuan Renminbi Offshore (FOREX:INRCNH)

Crossroads (-60) - INRCNH is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid INRCNH?

MarketClub looks at technical strength and momentum to determine if the timing is right for INRCNH.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	INRCNH Price	Change
0.08660269	0.08663939	0.08651731	0.08652599	-0.00007700
Entry Signal

MarketClub’s Trade Triangles for INRCNH

The long-term trend has been DOWN since May 3rd, 2024 at 0.08610708

The intermediate-term trend has been UP since Mar 11th, 2024 at 0.08721920

The short-term trend has been UP since May 7th, 2024 at 0.08657718

Smart Scan Analysis for INRCNH

Based on our trend formula, INRCNH is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.08660269	0.08663939	0.08651731	0.08652599	-0.00007700
Prev. Close	Volume	Bid	Ask	Time
0.08660269				2024-05-09 15:17:42

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