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Forex Trend Analysis Report

Prepared for you on Saturday, March 6, 2021.

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

Long-Term Uptrend (+90) - CNHIDR is in a strong uptrend that is likely to continue. While CNHIDR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.

FOREX_CNHIDR
Open High Low CNHIDR Price Change
2223.5 2223.5 2223.5 2223.5 0.0
Entry Signal

MarketClub’s Trade Triangles for CNHIDR

long term up The long-term trend has been UP since Mar 2nd, 2021 at 2213.0

intermediate term up The intermediate-term trend has been UP since Feb 12th, 2021 at 2185.0

short term up The short-term trend has been UP since Feb 22nd, 2021 at 2182.5

Smart Scan Analysis for CNHIDR

Based on our trend formula, CNHIDR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CNHIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2223.5 2223.5 2223.5 2223.5 0.0
Prev. Close Volume Bid Ask Time
2215.0 2021-03-03 14:37:11
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