Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
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.
MarketClub’s Trade Triangles for IDRCNH
The long-term trend has been DOWN since Sep 26th, 2023 at 0.00047248
The intermediate-term trend has been DOWN since Nov 21st, 2023 at 0.00045931
The short-term trend has been UP since Nov 24th, 2023 at 0.00046242
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).