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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.

FOREX_IDRCNH
Open High Low IDRCNH Price Change
0.00045864 0.00046011 0.00045829 0.00045943 +0.00000100
Entry Signal

MarketClub’s Trade Triangles for IDRCNH

long term up The long-term trend has been UP since Apr 19th, 2022 at 0.00044888

intermediate term up The intermediate-term trend has been UP since Jul 27th, 2022 at 0.00045273

short term up 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).

+100
Smart Scan Analysis for IDRCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00045864 0.00046011 0.00045829 0.00045943 +0.00000100
Prev. Close Volume Bid Ask Time
0.00045864 2022-08-12 17:08:45
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