Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
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 DOWN since Sep 2nd, 2021 at 2217.71
The intermediate-term trend has been DOWN since Jul 27th, 2021 at 2236.34
The short-term trend has been UP since Oct 20th, 2021 at 2200.00
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).