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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.
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MarketClub’s Trade Triangles for IDRCNH
The long-term trend has been DOWN since Aug 5th, 2024 at 0.00043960
The intermediate-term trend has been UP since Dec 25th, 2024 at 0.00046014
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).
| 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 |