Forex Trend Analysis Report
Prepared for you on Sunday, July 3, 2022.
Chinese Yuan Renminbi/Indonesian Rupiah (FOREX:CNYIDR)
Crossroads (+60) - CNYIDR 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 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.
MarketClub’s Trade Triangles for CNYIDR
The long-term trend has been DOWN since Apr 19th, 2022 at 2230.7390
The intermediate-term trend has been UP since Jun 16th, 2022 at 2206.3511
The short-term trend has been UP since Jun 24th, 2022 at 2219.8385
Smart Scan Analysis for CNYIDR
Based on our trend formula, CNYIDR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).