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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

Indian Rupee/Chinese Yuan Renminbi (FOREX:INRCNY)

Strong Downtrend (-100) - INRCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.

FOREX_INRCNY
Open High Low INRCNY Price Change
0.08869092 0.08887898 0.08847167 0.08855957 -0.00013100
Entry Signal

MarketClub’s Trade Triangles for INRCNY

long term down The long-term trend has been DOWN since Nov 7th, 2019 at 0.09789500

intermediate term down The intermediate-term trend has been DOWN since Sep 15th, 2020 at 0.09228489

short term down The short-term trend has been DOWN since Dec 3rd, 2020 at 0.08863338

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).

-100
Smart Scan Analysis for INRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08869092 0.08887898 0.08847167 0.08855957 -0.00013100
Prev. Close Volume Bid Ask Time
0.08869092 2020-12-04 09:16:49
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