Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Indonesian Rupiah/Chinese Yuan Renminbi (FOREX:IDRCNY)

Bear Market Rally (-75) - IDRCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on IDRCNY as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid IDRCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for IDRCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	IDRCNY Price	Change
0.00045903	0.00045993	0.00045743	0.00045886	0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRCNY

The long-term trend has been DOWN since Oct 10th, 2023 at 0.00044132

The intermediate-term trend has been DOWN since Nov 30th, 2023 at 0.00045429

The short-term trend has been UP since Dec 6th, 2023 at 0.00045904

Smart Scan Analysis for IDRCNY

Based on our trend formula, IDRCNY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.00045903	0.00045993	0.00045743	0.00045886	0.00000000
Prev. Close	Volume	Bid	Ask	Time
0.00045903				2023-12-08 02:52:48

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