Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Indian Rupee/Chinese Yuan Renminbi (FOREX:INRCNY)
Bull Market Weakness (+75) - INRCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on INRCNY as it may be in the beginning stages 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.
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MarketClub’s Trade Triangles for INRCNY
The long-term trend has been DOWN since Aug 5th, 2024 at 0.08443558
The intermediate-term trend has been UP since Oct 15th, 2024 at 0.08460375
The short-term trend has been UP since Nov 5th, 2024 at 0.08480157
Smart Scan Analysis for INRCNY
Based on our trend formula, INRCNY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.08580964 | 0.08583359 | 0.08578774 | 0.08582116 | +0.00001200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.08580964 | 2024-11-20 03:31:39 |