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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

Chinese Yuan Renminbi/Indonesian Rupiah (FOREX:CNYIDR)

Bull Market Weakness (+75) - CNYIDR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYIDR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid CNYIDR?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYIDR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNYIDR
Open High Low CNYIDR Price Change
2217.9923 2223.3361 2209.3450 2222.5904 +4.5981
Entry Signal

MarketClub’s Trade Triangles for CNYIDR

long term up The long-term trend has been UP since Sep 28th, 2023 at 2134.3824

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 2198.0572

short term up The short-term trend has been UP since May 21st, 2024 at 2217.7977

Smart Scan Analysis for CNYIDR

Based on our trend formula, CNYIDR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for CNYIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2217.9923 2223.3361 2209.3450 2222.5904 +4.5981
Prev. Close Volume Bid Ask Time
2217.9923 2024-05-27 23:30:42
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