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Forex Trend Analysis Report

Prepared for you on Sunday, October 24, 2021.

Indian Rupee/Chinese Yuan Renminbi (FOREX:INRCNY)

Bear Market Rally (-75) - INRCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on INRCNY as it may be in the beginning of a reversal.

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
0.08513380 0.08528718 0.08513380 0.08528718 +0.00015300
Entry Signal

MarketClub’s Trade Triangles for INRCNY

long term down The long-term trend has been DOWN since Oct 6th, 2021 at 0.08628488

intermediate term down The intermediate-term trend has been DOWN since Sep 28th, 2021 at 0.08735413

short term up The short-term trend has been UP since Oct 21st, 2021 at 0.08551261

Smart Scan Analysis for INRCNY

Based on our trend formula, INRCNY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for INRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08513380 0.08528718 0.08513380 0.08528718 +0.00015300
Prev. Close Volume Bid Ask Time
0.08513380 2021-10-23 18:35:19
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