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Forex Trend Analysis Report

Prepared for you on Monday, March 27, 2023.

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
0.08351295 0.08380656 0.08347562 0.08373256 +0.00022000
Entry Signal

MarketClub’s Trade Triangles for INRCNH

long term down The long-term trend has been DOWN since Dec 4th, 2022 at 0.08573261

intermediate term down The intermediate-term trend has been DOWN since Mar 21st, 2023 at 0.08304823

short term up The short-term trend has been UP since Mar 24th, 2023 at 0.08339382

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
0.08351295 0.08380656 0.08347562 0.08373256 +0.00022000
Prev. Close Volume Bid Ask Time
0.08351295 2023-03-27 15:58:48
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