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.
MarketClub’s Trade Triangles for CNHIDR
The long-term trend has been DOWN since May 3rd, 2022 at 2237.970
The intermediate-term trend has been DOWN since Aug 11th, 2022 at 2196.500
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).