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Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

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
2177.4241 2188.8269 2164.4478 2183.4107 +5.9866
Entry Signal

MarketClub’s Trade Triangles for CNYIDR

long term up The long-term trend has been UP since Sep 28th, 2023 at 2134.3824

intermediate term up The intermediate-term trend has been UP since Nov 30th, 2023 at 2191.4046

short term up The short-term trend has been UP since Nov 30th, 2023 at 2182.8458

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
2177.4241 2188.8269 2164.4478 2183.4107 +5.9866
Prev. Close Volume Bid Ask Time
2177.4241 2023-12-08 17:07:12
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