Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Indonesian Rupiah/Chinese Yuan Renminbi (FOREX:IDRCNY)
Crossroads (+60) - IDRCNY is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for IDRCNY
The long-term trend has been UP since Oct 14th, 2021 at 0.00045500
The intermediate-term trend has been DOWN since Oct 18th, 2021 at 0.00044332
The short-term trend has been DOWN since Oct 18th, 2021 at 0.00045196
Smart Scan Analysis for IDRCNY
Based on our trend formula, IDRCNY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).