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Forex Trend Analysis Report

Prepared for you on Tuesday, August 9, 2022.

Indian Rupee/Chinese Yuan Renminbi (FOREX:INRCNY)

Countertrend Up (+85) - INRCNY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.08493587 0.08493587 0.08484022 0.08485949 -0.00007600
Entry Signal

MarketClub’s Trade Triangles for INRCNY

long term up The long-term trend has been UP since Apr 28th, 2022 at 0.08638439

intermediate term up The intermediate-term trend has been UP since Aug 1st, 2022 at 0.08504331

short term down The short-term trend has been DOWN since Aug 4th, 2022 at 0.08525671

Smart Scan Analysis for INRCNY

Based on our trend formula, INRCNY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for INRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08493587 0.08493587 0.08484022 0.08485949 -0.00007600
Prev. Close Volume Bid Ask Time
0.08493587 2022-08-09 15:21:12
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