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Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2024.
Indian Rupee/Chinese Yuan Renminbi (FOREX:INRCNY)
Countertrend Up (+85) - INRCNY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for INRCNY
The long-term trend has been UP since Dec 2nd, 2024 at 0.08604622
The intermediate-term trend has been UP since Oct 15th, 2024 at 0.08460375
The short-term trend has been DOWN since Dec 5th, 2024 at 0.08563399
Smart Scan Analysis for INRCNY
Based on our trend formula, INRCNY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.08586534 | 0.08586534 | 0.08586276 | 0.08586534 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.08586534 | 2024-12-07 08:51:02 |