Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
Indonesian Rupiah/Chinese Yuan Renminbi (FOREX:IDRCNY)
Weak Downtrend (-65) - IDRCNY is showing signs of a strengthening downtrend. Monitor IDRCNY as it may be building momentum to the downside.
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 Oct 10th, 2022 at 0.00043150
The intermediate-term trend has been DOWN since Mar 7th, 2023 at 0.00044854
The short-term trend has been UP since Mar 17th, 2023 at 0.00044852
Smart Scan Analysis for IDRCNY
Based on our trend formula, IDRCNY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).