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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.
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MarketClub’s Trade Triangles for CNHIDR
The long-term trend has been UP since Aug 5th, 2024 at 2274.7468
The intermediate-term trend has been UP since Jan 15th, 2025 at 2232.8139
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).
| 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 |