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Forex Trend Analysis Report

Prepared for you on Monday, November 23, 2020.

Indonesian Rupiah/Chinese Yuan Renminbi Offshore (FOREX:IDRCNH)

Countertrend Up (+85) - IDRCNH 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 IDRCNH?

MarketClub looks at technical strength and momentum to determine if the timing is right for IDRCNH.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_IDRCNH
Open High Low IDRCNH Price Change
0.00046231 0.00046401 0.00046230 0.00046377 +0.00000100
Entry Signal

MarketClub’s Trade Triangles for IDRCNH

long term up The long-term trend has been UP since Nov 9th, 2020 at 0.00047198

intermediate term up The intermediate-term trend has been UP since Nov 3rd, 2020 at 0.00045982

short term down The short-term trend has been DOWN since Nov 12th, 2020 at 0.00046427

Smart Scan Analysis for IDRCNH

Based on our trend formula, IDRCNH is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for IDRCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00046231 0.00046401 0.00046230 0.00046377 +0.00000100
Prev. Close Volume Bid Ask Time
0.00046231 2020-11-23 11:10:59
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