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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Indonesian Rupiah/Chinese Yuan Renminbi (FOREX:IDRCNY)

Crossroads (+60) - IDRCNY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_IDRCNY
Open High Low IDRCNY Price Change
0.00045254 0.00045270 0.00045156 0.00045270 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRCNY

long term up The long-term trend has been UP since Oct 14th, 2021 at 0.00045500

intermediate term down The intermediate-term trend has been DOWN since Oct 18th, 2021 at 0.00044332

short term down The short-term trend has been DOWN since Oct 18th, 2021 at 0.00045196

Smart Scan Analysis for IDRCNY

Based on our trend formula, IDRCNY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for IDRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00045254 0.00045270 0.00045156 0.00045270 0.00000000
Prev. Close Volume Bid Ask Time
0.00045254 2021-10-22 17:17:47
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