Forex Trend Analysis Report
Prepared for you on Monday, November 23, 2020.
Indonesian Rupiah/Chinese Yuan Renminbi Offshore (FOREX:IDRCNH)
Countertrend Up (+85) - IDRCNH is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Nov 9th, 2020 at 0.00047198
The intermediate-term trend has been UP since Nov 3rd, 2020 at 0.00045982
The short-term trend has been DOWN since Nov 12th, 2020 at 0.00046427
Smart Scan Analysis for IDRCNH
Based on our trend formula, IDRCNH is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).