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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Indonesian Rupiah/Chinese Yuan Renminbi (FOREX:IDRCNY)
Bull Market Weakness (+75) - IDRCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on IDRCNY as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid IDRCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for IDRCNY
The long-term trend has been DOWN since Jan 26th, 2024 at 0.00024037
The intermediate-term trend has been UP since Apr 16th, 2024 at 0.00045476
The short-term trend has been UP since May 3rd, 2024 at 0.00044598
Smart Scan Analysis for IDRCNY
Based on our trend formula, IDRCNY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00044220 | 0.00044223 | 0.00044040 | 0.00044072 | -0.00000100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00044220 | 2024-05-09 07:20:51 |