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Forex Trend Analysis Report

Prepared for you on Monday, March 27, 2023.

Chinese Yuan Renminbi/Indonesian Rupiah (FOREX:CNYIDR)

Sidelines Mode (+55) - CNYIDR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
2206.9485 2207.0801 2195.8958 2195.8958 -11.0527
Entry Signal

MarketClub’s Trade Triangles for CNYIDR

long term up The long-term trend has been UP since Nov 30th, 2022 at 2216.5025

intermediate term up The intermediate-term trend has been UP since Mar 10th, 2023 at 2234.8518

short term down The short-term trend has been DOWN since Mar 16th, 2023 at 2226.7225

Smart Scan Analysis for CNYIDR

Based on our trend formula, CNYIDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CNYIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2206.9485 2207.0801 2195.8958 2195.8958 -11.0527
Prev. Close Volume Bid Ask Time
2206.9485 2023-03-27 09:24:25
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