Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Indonesian Rupiah/Chinese Yuan Renminbi Offshore (FOREX:IDRCNH)
Sidelines Mode (-55) - IDRCNH 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 IDRCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRCNH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for IDRCNH
The long-term trend has been DOWN since Sep 26th, 2023 at 0.00047248
The intermediate-term trend has been DOWN since Mar 19th, 2024 at 0.00045676
The short-term trend has been UP since May 2nd, 2024 at 0.00044757
Smart Scan Analysis for IDRCNH
Based on our trend formula, IDRCNH is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00044991 | 0.00045071 | 0.00044984 | 0.00045065 | +0.00000100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00044991 | 2024-05-09 14:59:43 |