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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.

FOREX_INRCNH
Open High Low INRCNH Price Change
0.08575532 0.08586747 0.08555746 0.08557086 -0.00018400
Entry Signal

MarketClub’s Trade Triangles for INRCNH

long term down The long-term trend has been DOWN since Nov 1st, 2023 at 0.08613751

intermediate term down The intermediate-term trend has been DOWN since Nov 1st, 2023 at 0.08737633

short term up 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).

-85
Smart Scan Analysis for INRCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08575532 0.08586747 0.08555746 0.08557086 -0.00018400
Prev. Close Volume Bid Ask Time
0.08575532 2023-12-01 17:11:11
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