Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
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.
MarketClub’s Trade Triangles for CNHIDR
The long-term trend has been UP since Mar 5th, 2020 at 2008
The intermediate-term trend has been DOWN since Apr 15th, 2020 at 2289
The short-term trend has been UP since Jun 1st, 2020 at 2067
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).