Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

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
0.08533733 0.08538848 0.08518473 0.08519494 -0.00014200
Entry Signal

MarketClub’s Trade Triangles for INRCNY

long term down The long-term trend has been DOWN since Apr 17th, 2024 at 0.08481431

intermediate term up The intermediate-term trend has been UP since May 19th, 2024 at 0.08519423

short term up The short-term trend has been UP since May 17th, 2024 at 0.08506666

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
0.08533733 0.08538848 0.08518473 0.08519494 -0.00014200
Prev. Close Volume Bid Ask Time
0.08533733 2024-05-22 03:29:08
Get a free daily analysis and signals for Indian Rupee/Chinese Yuan Renminbi (INRCNY) - Request Your Free Report.