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Forex Trend Analysis Report

Prepared for you on Sunday, November 29, 2020.

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
0.00046729 0.00046729 0.00046729 0.00046729 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRCNY

long term down The long-term trend has been DOWN since Sep 2nd, 2020 at 0.04639231

intermediate term up The intermediate-term trend has been UP since Nov 5th, 2020 at 0.00046025

short term up The short-term trend has been UP since Nov 24th, 2020 at 0.00046634

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
0.00046729 0.00046729 0.00046729 0.00046729 0.00000000
Prev. Close Volume Bid Ask Time
0.00046729 2020-11-29 10:43:50
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