Forex Trend Analysis Report
Prepared for you on Tuesday, May 11, 2021.
Chinese Yuan Renminbi/Indonesian Rupiah (FOREX:CNYIDR)
Countertrend Up (+85) - CNYIDR 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 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 Feb 16th, 2021 at 2196.6030
The intermediate-term trend has been UP since Mar 24th, 2021 at 2223.8949
The short-term trend has been UP since Apr 13th, 2021 at 2230.8994
Smart Scan Analysis for CNYIDR
Based on our trend formula, CNYIDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).