Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
Chinese Yuan Renminbi/Indonesian Rupiah (FOREX:CNYIDR)
Countertrend Up (+85) - CNYIDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.
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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 Mar 19th, 2024 at 2192.9483
The short-term trend has been DOWN since Apr 23rd, 2024 at 2234.5450
Smart Scan Analysis for CNYIDR
Based on our trend formula, CNYIDR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2240.8348 | 2242.8023 | 2226.8743 | 2227.9383 | -12.8965 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2240.8348 | 2024-04-23 17:25:24 |