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.
MarketClub’s Trade Triangles for CNYIDR
The long-term trend has been UP since Mar 6th, 2020 at 2059.6944
The intermediate-term trend has been UP since Mar 6th, 2020 at 2059.6944
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).