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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Indonesian Rupiah/Chinese Yuan Renminbi (FOREX:IDRCNY)
Sidelines Mode (+55) - IDRCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for IDRCNY
The long-term trend has been UP since Aug 13th, 2024 at 0.00045270
The intermediate-term trend has been DOWN since Oct 2nd, 2024 at 0.00045750
The short-term trend has been UP since Nov 18th, 2024 at 0.00045779
Smart Scan Analysis for IDRCNY
Based on our trend formula, IDRCNY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00045439 | 0.00045476 | 0.00045406 | 0.00045465 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00045439 | 2024-11-21 05:30:11 |