Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

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

Sidelines Mode (+50) - IDRCNH is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until IDRCNH can gain 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
0.00045148 0.00045157 0.00044986 0.00045081 -0.00000100
Entry Signal

MarketClub’s Trade Triangles for IDRCNH

long term down The long-term trend has been DOWN since Aug 5th, 2024 at 0.00043960

intermediate term up The intermediate-term trend has been UP since Dec 25th, 2024 at 0.00046014

short term up The short-term trend has been UP since Dec 23rd, 2024 at 0.00045311

Smart Scan Analysis for IDRCNH

Based on our trend formula, IDRCNH is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for IDRCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00045148 0.00045157 0.00044986 0.00045081 -0.00000100
Prev. Close Volume Bid Ask Time
0.00045148 2024-12-26 10:37:51
Get a free daily analysis and signals for Indonesian Rupiah/Chinese Yuan Renminbi Offshore (IDRCNH) - Request Your Free Report.