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Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

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

Weak Uptrend (+65) - CNHIDR is showing signs of weakening momentum to the upside. Monitor CNHIDR as it may be in the beginning stages 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
2164.5 2164.5 2164.5 2164.5 0.0
Entry Signal

MarketClub’s Trade Triangles for CNHIDR

long term up The long-term trend has been UP since Oct 3rd, 2023 at 2115.0

intermediate term up The intermediate-term trend has been UP since Dec 5th, 2023 at 2167.0

short term down The short-term trend has been DOWN since Dec 6th, 2023 at 2165.5

Smart Scan Analysis for CNHIDR

Based on our trend formula, CNHIDR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CNHIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2164.5 2164.5 2164.5 2164.5 0.0
Prev. Close Volume Bid Ask Time
2167.0 2023-12-06 16:11:13
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