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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.

FOREX_INRCNY
Open High Low INRCNY Price Change
0.08908274 0.08930335 0.08908274 0.08930335 +0.00022100
Entry Signal

MarketClub’s Trade Triangles for INRCNY

long term down The long-term trend has been DOWN since Nov 7th, 2019 at 0.09789500

intermediate term down The intermediate-term trend has been DOWN since Feb 26th, 2021 at 0.08824681

short term up 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).

-55
Smart Scan Analysis for INRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08908274 0.08930335 0.08908274 0.08930335 +0.00022100
Prev. Close Volume Bid Ask Time
0.08908274 2021-03-09 05:00:47
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