Forex Trend Analysis Report
Prepared for you on Saturday, August 13, 2022.
Indonesian Rupiah/Chinese Yuan Renminbi Offshore (FOREX:IDRCNH)
Strong Uptrend (+100) - IDRCNH is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, IDRCNH continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Apr 19th, 2022 at 0.00044888
The intermediate-term trend has been UP since Jul 27th, 2022 at 0.00045273
The short-term trend has been UP since Aug 8th, 2022 at 0.00045454
Smart Scan Analysis for IDRCNH
Based on our trend formula, IDRCNH is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).