Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
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 DOWN since Sep 2nd, 2020 at 0.04639231
The intermediate-term trend has been UP since Nov 5th, 2020 at 0.00046025
The short-term trend has been UP since Nov 24th, 2020 at 0.00046634
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).