Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Chinese Yuan Renminbi Offshore/Indonesian Rupiah (FOREX:CNHIDR)
Sidelines Mode (+55) - CNHIDR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CNHIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNHIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CNHIDR
The long-term trend has been UP since Oct 3rd, 2023 at 2115.000
The intermediate-term trend has been UP since Mar 5th, 2024 at 2172.000
The short-term trend has been DOWN since May 7th, 2024 at 2239.185
Smart Scan Analysis for CNHIDR
Based on our trend formula, CNHIDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2219.805 | 2219.805 | 2219.805 | 2219.805 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2224.025 | 2208.430 | 2231.180 | 2024-05-07 01:37:10 |