Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
Indian Rupee/Chinese Yuan Renminbi (FOREX:INRCNY)
Sidelines Mode (-55) - INRCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Nov 7th, 2019 at 0.09789500
The intermediate-term trend has been DOWN since Feb 26th, 2021 at 0.08824681
The short-term trend has been UP since Mar 3rd, 2021 at 0.08862940
Smart Scan Analysis for INRCNY
Based on our trend formula, INRCNY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).