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Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
Indian Rupee/Chinese Yuan Renminbi (FOREX:INRCNY)
Strong Downtrend (-100) - INRCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, INRCNY continues to fall. Traders should use caution and set stops.
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 DOWN since Apr 17th, 2024 at 0.08481431
The intermediate-term trend has been DOWN since May 1st, 2024 at 0.08464263
The short-term trend has been DOWN since Apr 25th, 2024 at 0.08508820
Smart Scan Analysis for INRCNY
Based on our trend formula, INRCNY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.08443558 | 0.08443558 | 0.08443558 | 0.08443558 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.08443558 | 2024-05-01 07:23:56 |