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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Chinese Yuan Renminbi/Indonesian Rupiah (FOREX:CNYIDR)
Long-Term Downtrend (-90) - CNYIDR is in a strong downtrend that is likely to continue. While CNYIDR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Aug 14th, 2024 at 2184.4368
The intermediate-term trend has been DOWN since Nov 7th, 2024 at 2171.4575
The short-term trend has been DOWN since Nov 18th, 2024 at 2184.4650
Smart Scan Analysis for CNYIDR
Based on our trend formula, CNYIDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2189.1562 | 2194.2642 | 2188.4934 | 2193.8196 | +4.6634 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2189.1562 | 2024-11-20 03:37:29 |