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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Chinese Yuan Renminbi Offshore/Indonesian Rupiah (FOREX:CNHIDR)
Countertrend Up (+85) - CNHIDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Nov 13th, 2024 at 2185.8610
Smart Scan Analysis for CNHIDR
Based on our trend formula, CNHIDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2189.3386 | 2193.5548 | 2188.2240 | 2193.2997 | +3.9611 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2189.3386 | 2024-11-20 03:35:25 |