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Forex Trend Analysis Report

Prepared for you on Friday, May 7, 2021.

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

Weak Downtrend (-65) - INRCNH is showing signs of a strengthening downtrend. Monitor INRCNH as it may be building momentum to the downside.

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
0.08771111 0.08784340 0.08707141 0.08752844 -0.00018300
Entry Signal

MarketClub’s Trade Triangles for INRCNH

long term down The long-term trend has been DOWN since Apr 12th, 2021 at 0.08725375

intermediate term down The intermediate-term trend has been DOWN since Apr 6th, 2021 at 0.08904845

short term down The short-term trend has been DOWN since Apr 19th, 2021 at 0.08677019

Smart Scan Analysis for INRCNH

Based on our trend formula, INRCNH is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for INRCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08771111 0.08784340 0.08707141 0.08752844 -0.00018300
Prev. Close Volume Bid Ask Time
0.08771111 2021-05-07 17:13:43
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