Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Indian Rupee/Chinese Yuan Renminbi (FOREX:INRCNY)
Bear Market Rally (-75) - INRCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on INRCNY as it may be in the beginning of a reversal.
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 Apr 12th, 2021 at 0.08745250
The intermediate-term trend has been DOWN since Apr 7th, 2021 at 0.08892904
The short-term trend has been DOWN since Apr 20th, 2021 at 0.08684135
Smart Scan Analysis for INRCNY
Based on our trend formula, INRCNY is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).