Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, April 7, 2020.

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.

FOREX_IDRCNY
Open High Low IDRCNY Price Change
0.04320544 0.04333181 0.04319980 0.04328950 +0.00008400
Entry Signal

MarketClub’s Trade Triangles for IDRCNY

long term down The long-term trend has been DOWN since Mar 6th, 2020 at 0.04855089

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2020 at 0.04855089

short term up The short-term trend has been UP since Apr 6th, 2020 at 0.04335781

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).

-75
Smart Scan Analysis for IDRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04320544 0.04333181 0.04319980 0.04328950 +0.00008400
Prev. Close Volume Bid Ask Time
0.04320544 0.04323308 0.04334591 2020-04-07 05:11:15
Get a free daily analysis and signals for Indonesian Rupiah/Chinese Yuan Renminbi (IDRCNY) - Request Your Free Report.