Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Indian Rupee/Chinese Yuan Renminbi (FOREX:INRCNY)
Long-Term Downtrend (-90) - INRCNY is in a strong downtrend that is likely to continue. While INRCNY 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 INRCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for INRCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for INRCNY
The long-term trend has been DOWN since Apr 17th, 2024 at 0.08481431
The intermediate-term trend has been DOWN since Mar 7th, 2024 at 0.08535410
The short-term trend has been DOWN since Apr 12th, 2024 at 0.08503225
Smart Scan Analysis for INRCNY
Based on our trend formula, INRCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.08496623 | 0.08506100 | 0.08493712 | 0.08506100 | +0.00009500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.08496623 | 2024-04-19 08:39:32 |