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Forex Trend Analysis Report

Prepared for you on Tuesday, November 24, 2020.

Chinese Yuan Renminbi/Indonesian Rupiah (FOREX:CNYIDR)

Weak Uptrend (+65) - CNYIDR is showing signs of weakening momentum to the upside. Monitor 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
2159.4377 2160.1578 2156.5898 2156.7831 -2.6546
Entry Signal

MarketClub’s Trade Triangles for CNYIDR

long term up The long-term trend has been UP since Sep 2nd, 2020 at 2155.5299

intermediate term down The intermediate-term trend has been DOWN since Nov 5th, 2020 at 2172.7471

short term up The short-term trend has been UP since Nov 13th, 2020 at 2144.9970

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
2159.4377 2160.1578 2156.5898 2156.7831 -2.6546
Prev. Close Volume Bid Ask Time
2159.4377 2020-11-24 04:04:46
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