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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.
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MarketClub’s Trade Triangles for INRCNY
The long-term trend has been UP since Apr 28th, 2022 at 0.08638439
The intermediate-term trend has been UP since Aug 1st, 2022 at 0.08504331
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).
| 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 |