Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
Indian Rupee/Chinese Yuan Renminbi Offshore (FOREX:INRCNH)
Bear Market Rally (-75) - INRCNH is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on INRCNH as it may be in the beginning of a reversal.
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 Dec 4th, 2022 at 0.08573261
The intermediate-term trend has been DOWN since Mar 21st, 2023 at 0.08304823
The short-term trend has been UP since Mar 24th, 2023 at 0.08339382
Smart Scan Analysis for INRCNH
Based on our trend formula, INRCNH is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).