Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Chinese Yuan Renminbi Offshore/Indonesian Rupiah (FOREX:CNHIDR)
Weak Uptrend (+65) - CNHIDR is showing signs of weakening momentum to the upside. Monitor CNHIDR as it may be in the beginning stages of a reversal.
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 2115.0
The intermediate-term trend has been UP since Dec 5th, 2023 at 2167.0
The short-term trend has been DOWN since Dec 6th, 2023 at 2165.5
Smart Scan Analysis for CNHIDR
Based on our trend formula, CNHIDR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).