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.
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).