Forex Trend Analysis Report
Prepared for you on Sunday, October 1, 2023.
Indian Rupee/Chinese Yuan Renminbi (FOREX:INRCNY)
Crossroads (-60) - INRCNY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since May 18th, 2023 at 0.08513166
The intermediate-term trend has been DOWN since Sep 15th, 2023 at 0.08626348
The short-term trend has been DOWN since Sep 26th, 2023 at 0.08640031
Smart Scan Analysis for INRCNY
Based on our trend formula, INRCNY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).