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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.
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MarketClub’s Trade Triangles for CNYIDR
The long-term trend has been UP since Nov 30th, 2022 at 2216.5025
The intermediate-term trend has been UP since Mar 10th, 2023 at 2234.8518
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).
| 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 |