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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.

FOREX_INRCNH
Open High Low INRCNH Price Change
0.08617986 0.08625469 0.08599461 0.08611570 -0.00006400
Entry Signal

MarketClub’s Trade Triangles for INRCNH

long term up The long-term trend has been UP since Dec 2nd, 2024 at 0.08625009

intermediate term up The intermediate-term trend has been UP since Oct 14th, 2024 at 0.08471311

short term up 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).

+90
Smart Scan Analysis for INRCNH
Strong Downtrend Sideways 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
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