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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.

FOREX_IDRCNY
Open High Low IDRCNY Price Change
0.00045678 0.00045679 0.00045251 0.00045292 -0.00000400
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 down The intermediate-term trend has been DOWN since Feb 16th, 2021 at 0.00045809

short term up 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).

-85
Smart Scan Analysis for IDRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00045678 0.00045679 0.00045251 0.00045292 -0.00000400
Prev. Close Volume Bid Ask Time
0.00045678 2021-02-26 17:12:07
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