Forex Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
Indian Rupee/Chinese Yuan Renminbi Offshore (FOREX:INRCNH)
Long-Term Downtrend (-90) - INRCNH is in a strong downtrend that is likely to continue. While INRCNH is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for INRCNH
The long-term trend has been DOWN since Oct 7th, 2021 at 0.08621861
The intermediate-term trend has been DOWN since Nov 28th, 2021 at 0.08520245
The short-term trend has been DOWN since Nov 21st, 2021 at 0.08574962
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).