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Forex Trend Analysis Report
Prepared for you on Monday, December 2, 2024.
Indian Rupee/Chinese Yuan Renminbi Offshore (FOREX:INRCNH)
Bull Market Weakness (+75) - INRCNH is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on INRCNH as it may be in the beginning stages 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.
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MarketClub’s Trade Triangles for INRCNH
The long-term trend has been DOWN since Aug 4th, 2024 at 0.08510238
The intermediate-term trend has been UP since Oct 14th, 2024 at 0.08471311
The short-term trend has been UP since Dec 2nd, 2024 at 0.08601302
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.08594772 | 0.08605843 | 0.08590286 | 0.08603181 | +0.00008400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.08594772 | 2024-12-02 05:48:35 |