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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

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
2248.5305 2251.5800 2241.3627 2245.5589 -2.9716
Entry Signal

MarketClub’s Trade Triangles for CNYIDR

long term up The long-term trend has been UP since Sep 28th, 2023 at 2134.3824

intermediate term down The intermediate-term trend has been DOWN since Jul 7th, 2024 at 2235.4139

short term up The short-term trend has been UP since Jul 24th, 2024 at 2232.7200

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
2248.5305 2251.5800 2241.3627 2245.5589 -2.9716
Prev. Close Volume Bid Ask Time
2248.5305 2024-07-26 17:00:04
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