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.
MarketClub’s Trade Triangles for IDRCNY
The long-term trend has been DOWN since Mar 6th, 2020 at 0.04855089
The intermediate-term trend has been DOWN since Mar 6th, 2020 at 0.04855089
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).