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Forex Trend Analysis Report

Prepared for you on Wednesday, July 6, 2022.

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.

FOREX_INRCNY
Open High Low INRCNY Price Change
0.08461983 0.08488928 0.08451638 0.08485176 +0.00023200
Entry Signal

MarketClub’s Trade Triangles for INRCNY

long term up The long-term trend has been UP since Apr 28th, 2022 at 0.08638439

intermediate term down The intermediate-term trend has been DOWN since May 23rd, 2022 at 0.08593933

short term down The short-term trend has been DOWN since Jul 4th, 2022 at 0.08473074

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).

-60
Smart Scan Analysis for INRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08461983 0.08488928 0.08451638 0.08485176 +0.00023200
Prev. Close Volume Bid Ask Time
0.08461983 2022-07-06 14:27:08
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