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Forex Trend Analysis Report

Prepared for you on Sunday, June 23, 2024.

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

Countertrend Down (-85) - IDRCNH is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
0.00044226 0.00044226 0.00044226 0.00044226 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRCNH

long term down The long-term trend has been DOWN since Sep 26th, 2023 at 0.00047248

intermediate term down The intermediate-term trend has been DOWN since May 29th, 2024 at 0.00044724

short term up The short-term trend has been UP since Jun 19th, 2024 at 0.00044498

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
0.00044226 0.00044226 0.00044226 0.00044226 0.00000000
Prev. Close Volume Bid Ask Time
0.00044226 2024-06-22 16:44:17
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