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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

Indian Rupee/Chinese Yuan Renminbi (FOREX:INRCNY)

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

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

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

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

FOREX_INRCNY
Open High Low INRCNY Price Change
0.08778378 0.08782937 0.08774453 0.08777387 -0.00001000
Entry Signal

MarketClub’s Trade Triangles for INRCNY

long term down The long-term trend has been DOWN since Apr 12th, 2021 at 0.08745250

intermediate term down The intermediate-term trend has been DOWN since Apr 7th, 2021 at 0.08892904

short term down The short-term trend has been DOWN since Apr 20th, 2021 at 0.08684135

Smart Scan Analysis for INRCNY

Based on our trend formula, INRCNY is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for INRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08778378 0.08782937 0.08774453 0.08777387 -0.00001000
Prev. Close Volume Bid Ask Time
0.08778378 2021-05-06 23:30:34
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