Forex Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
Chinese Renminbi Yuan/Indonesian Rupiah (FOREX:CNYIDR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CNYIDR
The long term trend has been DOWN since Nov 8th, 2018 at 2096.65
The intermediate term trend has been UP since Dec 10th, 2018 at 2118.35
The short term trend has been UP since Dec 3rd, 2018 at 2078.30
Smart Scan Analysis for CNYIDR
Based on a pre-defined weighted trend formula for chart analysis, CNYIDR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).