Forex Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
Indian Rupee/Chinese Yuan Renminbi Offshore (FOREX:INRCNH)
Countertrend Down (-85) - INRCNH is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Nov 1st, 2023 at 0.08613751
The intermediate-term trend has been DOWN since Nov 1st, 2023 at 0.08737633
The short-term trend has been UP since Nov 28th, 2023 at 0.08596395
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).