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.
MarketClub’s Trade Triangles for CNYIDR
The long-term trend has been UP since Sep 2nd, 2020 at 2155.5299
The intermediate-term trend has been DOWN since Nov 5th, 2020 at 2172.7471
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).