Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
Chinese Yuan Renminbi/Indonesian Rupiah (FOREX:CNYIDR)
Weak Downtrend (-65) - CNYIDR is showing signs of a strengthening downtrend. Monitor CNYIDR as it may be building momentum to the downside.
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 DOWN since Sep 2nd, 2021 at 2197.5949
The intermediate-term trend has been DOWN since Oct 14th, 2021 at 2195.3020
The short-term trend has been UP since Oct 18th, 2021 at 2202.5501
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).