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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
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, IDRCNH 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.
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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 Mar 19th, 2024 at 0.00045676
The short-term trend has been DOWN since Apr 26th, 2024 at 0.00044655
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00044775 | 0.00044850 | 0.00044639 | 0.00044740 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00044775 | 2024-04-26 17:04:58 |