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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Indian Rupee/Chinese Yuan Renminbi Offshore (FOREX:INRCNH)
Sidelines Mode (+55) - INRCNH is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for INRCNH
The long-term trend has been DOWN since Aug 4th, 2024 at 0.08510238
The intermediate-term trend has been UP since Oct 14th, 2024 at 0.08471311
The short-term trend has been DOWN since Nov 18th, 2024 at 0.08557638
Smart Scan Analysis for INRCNH
Based on our trend formula, INRCNH is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.08582332 | 0.08586376 | 0.08578361 | 0.08584442 | +0.00002100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.08582332 | 2024-11-20 03:46:24 |