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Forex Trend Analysis Report

Prepared for you on Monday, January 17, 2022.

Indian Rupee/Chinese Yuan Renminbi Offshore (FOREX:INRCNH)

Bear Market Rally (-75) - INRCNH is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on INRCNH as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid INRCNH?

MarketClub looks at technical strength and momentum to determine if the timing is right for INRCNH.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_INRCNH
Open High Low INRCNH Price Change
0.08563575 0.08563589 0.08538877 0.08551138 -0.00012400
Entry Signal

MarketClub’s Trade Triangles for INRCNH

long term down The long-term trend has been DOWN since Oct 7th, 2021 at 0.08621861

intermediate term up The intermediate-term trend has been UP since Dec 27th, 2021 at 0.08503100

short term down The short-term trend has been DOWN since Jan 14th, 2022 at 0.08578271

Smart Scan Analysis for INRCNH

Based on our trend formula, INRCNH is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for INRCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08563575 0.08563589 0.08538877 0.08551138 -0.00012400
Prev. Close Volume Bid Ask Time
0.08563575 2022-01-17 11:39:20
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