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Forex Trend Analysis Report

Prepared for you on Monday, March 18, 2024.

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

Weak Uptrend (+65) - CNHIDR is showing signs of weakening momentum to the upside. Monitor CNHIDR as it may be in the beginning stages of a reversal.

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
2168.525 2168.525 2168.000 2168.000 -0.525
Entry Signal

MarketClub’s Trade Triangles for CNHIDR

long term up The long-term trend has been UP since Oct 3rd, 2023 at 2115.0

intermediate term up The intermediate-term trend has been UP since Mar 5th, 2024 at 2172.0

short term down The short-term trend has been DOWN since Mar 13th, 2024 at 2171.6

Smart Scan Analysis for CNHIDR

Based on our trend formula, CNHIDR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CNHIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2168.525 2168.525 2168.000 2168.000 -0.525
Prev. Close Volume Bid Ask Time
2168.525 2024-03-18 18:00:47
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