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Forex Trend Analysis Report

Prepared for you on Saturday, October 23, 2021.

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

Weak Downtrend (-65) - IDRCNH is showing signs of a strengthening downtrend. Monitor IDRCNH as it may be building momentum to the downside.

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
0.00045119 0.00045220 0.00044817 0.00044861 -0.00000300
Entry Signal

MarketClub’s Trade Triangles for IDRCNH

long term up The long-term trend has been UP since Sep 6th, 2021 at 0.00045471

intermediate term down The intermediate-term trend has been DOWN since Oct 22nd, 2021 at 0.00044862

short term down The short-term trend has been DOWN since Oct 18th, 2021 at 0.00045390

Smart Scan Analysis for IDRCNH

Based on our trend formula, IDRCNH is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for IDRCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00045119 0.00045220 0.00044817 0.00044861 -0.00000300
Prev. Close Volume Bid Ask Time
0.00045119 2021-10-22 17:02:11
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