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Forex Trend Analysis Report
Prepared for you on Friday, October 4, 2024.
Chinese Yuan Renminbi Offshore/Indonesian Rupiah (FOREX:CNHIDR)
Strong Uptrend (+100) - CNHIDR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNHIDR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
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MarketClub’s Trade Triangles for CNHIDR
The long-term trend has been UP since Aug 5th, 2024 at 2274.7468
The intermediate-term trend has been UP since Oct 2nd, 2024 at 2181.6651
The short-term trend has been UP since Sep 24th, 2024 at 2159.2178
Smart Scan Analysis for CNHIDR
Based on our trend formula, CNHIDR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2192.2039 | 2217.9642 | 2191.1185 | 2207.6330 | +15.4291 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2192.2039 | 2024-10-04 20:47:39 |