Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

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

Countertrend Up (+85) - INRCNH is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.

Open	High	Low	INRCNH Price	Change
0.08706190	0.08709967	0.08704784	0.08707393	+0.00001200
Entry Signal

MarketClub’s Trade Triangles for INRCNH

The long-term trend has been UP since Mar 4th, 2024 at 0.08719457

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

The short-term trend has been DOWN since Apr 15th, 2024 at 0.08685663

Smart Scan Analysis for INRCNH

Based on our trend formula, INRCNH is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.08706190	0.08709967	0.08704784	0.08707393	+0.00001200
Prev. Close	Volume	Bid	Ask	Time
0.08706190				2024-04-16 01:04:16

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