Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Chinese Yuan Renminbi/Indonesian Rupiah (FOREX:CNYIDR)
Weak Downtrend (-65) - CNYIDR is showing signs of a strengthening downtrend. Monitor CNYIDR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CNYIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNYIDR
The long-term trend has been UP since Mar 6th, 2020 at 2059.6944
The intermediate-term trend has been DOWN since Apr 14th, 2020 at 2216.5204
The short-term trend has been DOWN since May 8th, 2020 at 2110.0452
Smart Scan Analysis for CNYIDR
Based on our trend formula, CNYIDR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).