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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Chinese Yuan Renminbi Offshore/Indonesian Rupiah (FOREX:CNHIDR)

Bear Market Rally (-75) - CNHIDR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNHIDR as it may be in the beginning 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.

FOREX_CNHIDR
Open High Low CNHIDR Price Change
2177.285 2177.285 2177.285 2177.285 0.000
Entry Signal

MarketClub’s Trade Triangles for CNHIDR

long term down The long-term trend has been DOWN since May 3rd, 2022 at 2237.970

intermediate term down The intermediate-term trend has been DOWN since Aug 11th, 2022 at 2196.500

short term up The short-term trend has been UP since Aug 18th, 2022 at 2181.025

Smart Scan Analysis for CNHIDR

Based on our trend formula, CNHIDR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CNHIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2177.285 2177.285 2177.285 2177.285 0.000
Prev. Close Volume Bid Ask Time
2177.285 2166.350 2188.220 2022-08-19 01:32:05
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