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Forex Trend Analysis Report

Prepared for you on Wednesday, August 10, 2022.

Indonesian Rupiah/Chinese Yuan Renminbi (FOREX:IDRCNY)

Sidelines Mode (-55) - IDRCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.00045444 0.00045457 0.00045417 0.00045435 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRCNY

long term down The long-term trend has been DOWN since Jul 27th, 2022 at 0.00043966

intermediate term up The intermediate-term trend has been UP since Jul 28th, 2022 at 0.00045445

short term down The short-term trend has been DOWN since Aug 5th, 2022 at 0.00044999

Smart Scan Analysis for IDRCNY

Based on our trend formula, IDRCNY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for IDRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00045444 0.00045457 0.00045417 0.00045435 0.00000000
Prev. Close Volume Bid Ask Time
0.00045444 2022-08-10 03:06:48
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