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.
MarketClub’s Trade Triangles for CNYIDR
The long-term trend has been UP since Sep 28th, 2023 at 2134.3824
The intermediate-term trend has been UP since Nov 30th, 2023 at 2191.4046
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).