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Forex Trend Analysis Report

Prepared for you on Wednesday, June 7, 2023.

Indian Rupee/Chinese Yuan Renminbi (FOREX:INRCNY)

Strong Uptrend (+100) - INRCNY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, INRCNY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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.

FOREX_INRCNY
Open High Low INRCNY Price Change
0.08625971 0.08640921 0.08618082 0.08640884 +0.00014900
Entry Signal

MarketClub’s Trade Triangles for INRCNY

long term up The long-term trend has been UP since May 18th, 2023 at 0.08513166

intermediate term up The intermediate-term trend has been UP since Apr 10th, 2023 at 0.08403405

short term up The short-term trend has been UP since May 24th, 2023 at 0.08527444

Smart Scan Analysis for INRCNY

Based on our trend formula, INRCNY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for INRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08625971 0.08640921 0.08618082 0.08640884 +0.00014900
Prev. Close Volume Bid Ask Time
0.08625971 2023-06-07 14:54:02
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