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Forex Trend Analysis Report

Prepared for you on Thursday, January 16, 2025.

Chinese Yuan Renminbi Offshore/Indonesian Rupiah (FOREX:CNHIDR)

Long-Term Uptrend (+90) - CNHIDR is in a strong uptrend that is likely to continue. While CNHIDR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid CNHIDR?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNHIDR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNHIDR
Open High Low CNHIDR Price Change
2230.6406 2237.6579 2226.6865 2228.3900 -2.2506
Entry Signal

MarketClub’s Trade Triangles for CNHIDR

long term up The long-term trend has been UP since Aug 5th, 2024 at 2274.7468

intermediate term up The intermediate-term trend has been UP since Jan 15th, 2025 at 2232.8139

short term up The short-term trend has been UP since Jan 7th, 2025 at 2213.5215

Smart Scan Analysis for CNHIDR

Based on our trend formula, CNHIDR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CNHIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2230.6406 2237.6579 2226.6865 2228.3900 -2.2506
Prev. Close Volume Bid Ask Time
2230.6406 2025-01-16 20:16:45
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