Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
Indian Rupee/Chinese Yuan Renminbi (FOREX:INRCNY)
Bear Market Rally (-75) - INRCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on INRCNY as it may be in the beginning 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.
MarketClub’s Trade Triangles for INRCNY
The long-term trend has been DOWN since Oct 6th, 2021 at 0.08628488
The intermediate-term trend has been DOWN since Sep 28th, 2021 at 0.08735413
The short-term trend has been UP since Oct 21st, 2021 at 0.08551261
Smart Scan Analysis for INRCNY
Based on our trend formula, INRCNY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).