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Forex Trend Analysis Report

Prepared for you on Wednesday, October 20, 2021.

Chinese Yuan Renminbi/Indonesian Rupiah (FOREX:CNYIDR)

Weak Downtrend (-65) - CNYIDR is showing signs of a strengthening downtrend. Monitor CNYIDR as it may be building momentum to the downside.

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
2206.5957 2212.9431 2201.3011 2207.5752 +0.9795
Entry Signal

MarketClub’s Trade Triangles for CNYIDR

long term down The long-term trend has been DOWN since Sep 2nd, 2021 at 2197.5949

intermediate term down The intermediate-term trend has been DOWN since Oct 14th, 2021 at 2195.3020

short term up The short-term trend has been UP since Oct 18th, 2021 at 2202.5501

Smart Scan Analysis for CNYIDR

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

-65
Smart Scan Analysis for CNYIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2206.5957 2212.9431 2201.3011 2207.5752 +0.9795
Prev. Close Volume Bid Ask Time
2206.5957 2021-10-20 08:46:59
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