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Forex Trend Analysis Report

Prepared for you on Friday, April 3, 2020.

Chinese Yuan Renminbi/Indonesian Rupiah (FOREX:CNYIDR)

Long-Term Uptrend (+90) - CNYIDR is in a strong uptrend that is likely to continue. While CNYIDR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
2340.2898 2350.2262 2306.3897 2309.3679 -30.9219
Entry Signal

MarketClub’s Trade Triangles for CNYIDR

long term up The long-term trend has been UP since Mar 6th, 2020 at 2059.6944

intermediate term up The intermediate-term trend has been UP since Mar 6th, 2020 at 2059.6944

short term up The short-term trend has been UP since Mar 30th, 2020 at 2308.3026

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).

+90
Smart Scan Analysis for CNYIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2340.2898 2350.2262 2306.3897 2309.3679 -30.9219
Prev. Close Volume Bid Ask Time
2340.2898 2308.0635 2310.6723 2020-04-03 23:06:38
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