Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
Chinese Yuan Renminbi/Indonesian Rupiah (FOREX:CNYIDR)
Sidelines Mode (+55) - CNYIDR 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 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 Jan 31st, 2025 at 2282.4085
The intermediate-term trend has been UP since Jan 29th, 2025 at 2266.5621
The short-term trend has been DOWN since Feb 4th, 2025 at 2242.2050
Smart Scan Analysis for CNYIDR
Based on our trend formula, CNYIDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2241.5945 | 2242.7785 | 2238.1584 | 2239.9722 | -1.6223 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2241.5945 | 2025-02-05 02:40:37 |