Forex Trend Analysis Report
Prepared for you on Wednesday, September 27, 2023.
Chinese Yuan Renminbi Offshore/Indonesian Rupiah (FOREX:CNHIDR)
Sidelines Mode (+50) - CNHIDR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CNHIDR can gain momentum.
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 DOWN since Apr 3rd, 2023 at 2192
The intermediate-term trend has been UP since Sep 18th, 2023 at 2100
The short-term trend has been UP since Sep 18th, 2023 at 2100
Smart Scan Analysis for CNHIDR
Based on our trend formula, CNHIDR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).