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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Chinese Yuan Renminbi Offshore/Indonesian Rupiah (FOREX:CNHIDR)
Countertrend Up (+85) - CNHIDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 Oct 3rd, 2023 at 2115.0
The intermediate-term trend has been UP since Mar 5th, 2024 at 2172.0
The short-term trend has been UP since Mar 27th, 2024 at 2170.5
Smart Scan Analysis for CNHIDR
Based on our trend formula, CNHIDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2230.91 | 2244.50 | 2230.91 | 2244.50 | +13.59 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2230.91 | 2024-04-19 17:14:55 |