Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
Indonesian Rupiah/Chinese Yuan Renminbi Offshore (FOREX:IDRCNH)
Weak Downtrend (-65) - IDRCNH is showing signs of a strengthening downtrend. Monitor IDRCNH as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for IDRCNH
The long-term trend has been UP since Sep 6th, 2021 at 0.00045471
The intermediate-term trend has been DOWN since Oct 22nd, 2021 at 0.00044862
The short-term trend has been DOWN since Oct 18th, 2021 at 0.00045390
Smart Scan Analysis for IDRCNH
Based on our trend formula, IDRCNH is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).