Forex Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
Indian Rupee/Chinese Yuan Renminbi (FOREX:INRCNY)
Countertrend Down (-85) - INRCNY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for INRCNY
The long-term trend has been DOWN since Nov 7th, 2019 at 0.09789500
The intermediate-term trend has been DOWN since Sep 15th, 2020 at 0.09228489
The short-term trend has been UP since Nov 19th, 2020 at 0.08874966
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).