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.
MarketClub’s Trade Triangles for INRCNH
The long-term trend has been DOWN since Apr 12th, 2021 at 0.08725375
The intermediate-term trend has been DOWN since Apr 6th, 2021 at 0.08904845
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).