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Forex Trend Analysis Report

Prepared for you on Friday, November 27, 2020.

Indian Rupee/Chinese Yuan Renminbi (FOREX:INRCNY)

Countertrend Down (-85) - INRCNY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
0.08920769 0.08923278 0.08878034 0.08878034 -0.00042700
Entry Signal

MarketClub’s Trade Triangles for INRCNY

long term down The long-term trend has been DOWN since Nov 7th, 2019 at 0.09789500

intermediate term down The intermediate-term trend has been DOWN since Sep 15th, 2020 at 0.09228489

short term up The short-term trend has been UP since Nov 19th, 2020 at 0.08874966

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
0.08920769 0.08923278 0.08878034 0.08878034 -0.00042700
Prev. Close Volume Bid Ask Time
0.08920769 2020-11-27 11:36:37
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