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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.

FOREX_CNYIDR
Open High Low CNYIDR Price Change
2230.1520 2240.5982 2227.9665 2234.7635 +4.6115
Entry Signal

MarketClub’s Trade Triangles for CNYIDR

long term down The long-term trend has been DOWN since Apr 19th, 2022 at 2230.7390

intermediate term up The intermediate-term trend has been UP since Jun 16th, 2022 at 2206.3511

short term up 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).

+60
Smart Scan Analysis for CNYIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2230.1520 2240.5982 2227.9665 2234.7635 +4.6115
Prev. Close Volume Bid Ask Time
2230.1520 2022-07-01 17:09:31
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