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.
MarketClub’s Trade Triangles for CNHIDR
The long-term trend has been UP since Mar 2nd, 2021 at 2213.0
The intermediate-term trend has been UP since Feb 12th, 2021 at 2185.0
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).