Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Indonesian Rupiah/Chinese Yuan Renminbi Offshore (FOREX:IDRCNH)
Strong Downtrend (-100) - IDRCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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 Feb 25th, 2021 at 0.00045187
The intermediate-term trend has been DOWN since Jan 8th, 2021 at 0.00045605
The short-term trend has been DOWN since Mar 4th, 2021 at 0.00045025
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).