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Forex Trend Analysis Report

Prepared for you on Wednesday, July 24, 2024.

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
0.00044858 0.00044893 0.00044603 0.00044643 -0.00000200
Entry Signal

MarketClub’s Trade Triangles for IDRCNY

long term down The long-term trend has been DOWN since Jan 26th, 2024 at 0.00024037

intermediate term up The intermediate-term trend has been UP since Jul 7th, 2024 at 0.00044734

short term down The short-term trend has been DOWN since Jul 24th, 2024 at 0.00044794

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
0.00044858 0.00044893 0.00044603 0.00044643 -0.00000200
Prev. Close Volume Bid Ask Time
0.00044858 2024-07-24 22:42:05
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