Forex Trend Analysis Report
Prepared for you on Wednesday, November 13, 2019.
Chinese Yuan Renminbi Offshore/Indonesian Rupiah (FOREX:CNHIDR)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CNHIDR
The long term trend has been DOWN since Sep 3rd, 2019 at 1993
The intermediate term trend has been UP since Nov 8th, 2019 at 2002
The short term trend has been UP since Nov 6th, 2019 at 1995
Smart Scan Analysis for CNHIDR
Based on a pre-defined weighted trend formula for chart analysis, CNHIDR scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).