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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi Offshore/Indonesian Rupiah (FOREX:CNHIDR)
Crossroads (+60) - CNHIDR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Jul 22nd, 2024 at 2186.5000
The intermediate-term trend has been UP since Jul 25th, 2024 at 2245.9850
The short-term trend has been UP since Jul 24th, 2024 at 2238.2277
Smart Scan Analysis for CNHIDR
Based on our trend formula, CNHIDR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2246.3267 | 2252.1850 | 2238.3740 | 2238.3740 | -7.9527 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2246.3267 | 2024-07-26 19:47:30 |