Free Daily Analysis

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.

FOREX_INRCNY
Open High Low INRCNY Price Change
0.08586534 0.08586534 0.08586276 0.08586534 0.00000000
Entry Signal

MarketClub’s Trade Triangles for INRCNY

long term up The long-term trend has been UP since Dec 2nd, 2024 at 0.08604622

intermediate term up The intermediate-term trend has been UP since Oct 15th, 2024 at 0.08460375

short term down 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).

+85
Smart Scan Analysis for INRCNY
Strong Downtrend Sideways 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
Get a free daily analysis and signals for Indian Rupee/Chinese Yuan Renminbi (INRCNY) - Request Your Free Report.