Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
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 Feb 16th, 2021 at 2196.6030
The intermediate-term trend has been DOWN since Feb 16th, 2021 at 2152.0184
The short-term trend has been UP since Mar 5th, 2021 at 2218.2341
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).