Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
Indonesian Rupiah/Chinese Yuan Renminbi (FOREX:IDRCNY)
Countertrend Down (-85) - IDRCNY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
MarketClub’s Trade Triangles for IDRCNY
The long-term trend has been DOWN since Sep 2nd, 2020 at 0.04639231
The intermediate-term trend has been DOWN since Feb 16th, 2021 at 0.00045809
The short-term trend has been UP since Feb 25th, 2021 at 0.00045962
Smart Scan Analysis for IDRCNY
Based on our trend formula, IDRCNY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).