Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Indian Rupee/Chinese Yuan Renminbi (FOREX:INRCNY)

Weak Downtrend (-65) - INRCNY is showing signs of a strengthening downtrend. Monitor INRCNY as it may be building momentum to the downside.

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
0.08656212 0.08664437 0.08652727 0.08657747 +0.00001500
Entry Signal

MarketClub’s Trade Triangles for INRCNY

long term up The long-term trend has been UP since Jun 7th, 2024 at 0.08615964

intermediate term down The intermediate-term trend has been DOWN since Jul 15th, 2024 at 0.08678747

short term down The short-term trend has been DOWN since Jul 24th, 2024 at 0.08682603

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).

-70
Smart Scan Analysis for INRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08656212 0.08664437 0.08652727 0.08657747 +0.00001500
Prev. Close Volume Bid Ask Time
0.08656212 2024-07-26 20:22:37
Get a free daily analysis and signals for Indian Rupee/Chinese Yuan Renminbi (INRCNY) - Request Your Free Report.