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Forex Trend Analysis Report
Prepared for you on Tuesday, December 3, 2024.
Indian Rupee/Chinese Yuan Renminbi Offshore (FOREX:INRCNH)
Long-Term Uptrend (+90) - INRCNH is in a strong uptrend that is likely to continue. While INRCNH 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 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.
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MarketClub’s Trade Triangles for INRCNH
The long-term trend has been UP since Dec 2nd, 2024 at 0.08625009
The intermediate-term trend has been UP since Oct 14th, 2024 at 0.08471311
The short-term trend has been UP since Dec 2nd, 2024 at 0.08601302
Smart Scan Analysis for INRCNH
Based on our trend formula, INRCNH is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.08617986 | 0.08625469 | 0.08599461 | 0.08611570 | -0.00006400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.08617986 | 2024-12-03 22:34:25 |