Free Daily Analysis

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.

FOREX_CNHIDR
Open High Low CNHIDR Price Change
2068.0 2068.5 2068.0 2068.5 +0.5
Entry Signal

MarketClub’s Trade Triangles for CNHIDR

long term up The long-term trend has been UP since Mar 5th, 2020 at 2008

intermediate term down The intermediate-term trend has been DOWN since Apr 15th, 2020 at 2289

short term up 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).

+55
Smart Scan Analysis for CNHIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2068.0 2068.5 2068.0 2068.5 +0.5
Prev. Close Volume Bid Ask Time
2068.0 2044.0 2093.0 2020-06-01 14:09:58
Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/Indonesian Rupiah (CNHIDR) - Request Your Free Report.