Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Indian Rupee/Chinese Yuan Renminbi (FOREX:INRCNY)
Long-Term Downtrend (-90) - INRCNY is in a strong downtrend that is likely to continue. While INRCNY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Apr 9th, 2020 at 0.09231264
The short-term trend has been DOWN since Apr 8th, 2020 at 0.09298582
Smart Scan Analysis for INRCNY
Based on our trend formula, INRCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).