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Forex Trend Analysis Report

Prepared for you on Wednesday, February 5, 2025.

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

Sidelines Mode (-55) - CNHIDR 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 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
2239.3210 2241.0828 2238.9636 2240.8443 +1.5233
Entry Signal

MarketClub’s Trade Triangles for CNHIDR

long term down The long-term trend has been DOWN since Jan 22nd, 2025 at 2134.8014

intermediate term down The intermediate-term trend has been DOWN since Jan 22nd, 2025 at 2197.9044

short term up The short-term trend has been UP since Feb 3rd, 2025 at 2241.0716

Smart Scan Analysis for CNHIDR

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

-55
Smart Scan Analysis for CNHIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2239.3210 2241.0828 2238.9636 2240.8443 +1.5233
Prev. Close Volume Bid Ask Time
2239.3210 2025-02-05 01:05:50
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