Forex Trend Analysis Report
Prepared for you on Wednesday, June 7, 2023.
Indian Rupee/Chinese Yuan Renminbi (FOREX:INRCNY)
Strong Uptrend (+100) - INRCNY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, INRCNY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since May 18th, 2023 at 0.08513166
The intermediate-term trend has been UP since Apr 10th, 2023 at 0.08403405
The short-term trend has been UP since May 24th, 2023 at 0.08527444
Smart Scan Analysis for INRCNY
Based on our trend formula, INRCNY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).