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Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
Chinese Yuan Renminbi Offshore/Indonesian Rupiah (FOREX:CNHIDR)
Bull Market Weakness (+75) - CNHIDR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.
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MarketClub’s Trade Triangles for CNHIDR
The long-term trend has been UP since Oct 3rd, 2023 at 2115.0
The intermediate-term trend has been UP since Mar 5th, 2024 at 2172.0
The short-term trend has been UP since Mar 27th, 2024 at 2170.5
Smart Scan Analysis for CNHIDR
Based on our trend formula, CNHIDR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2237.13 | 2237.13 | 2237.13 | 2237.13 | 0.00 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2237.13 | 2225.90 | 2248.36 | 2024-04-23 01:35:09 |