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Forex Trend Analysis Report

Prepared for you on Monday, July 15, 2024.

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.

FOREX_CNYIDR
Open High Low CNYIDR Price Change
2227.2214 2230.2620 2225.1000 2226.5450 -0.6764
Entry Signal

MarketClub’s Trade Triangles for CNYIDR

long term up The long-term trend has been UP since Sep 28th, 2023 at 2134.3824

intermediate term down The intermediate-term trend has been DOWN since Jul 7th, 2024 at 2235.4139

short term down The short-term trend has been DOWN since Jun 24th, 2024 at 2255.4950

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).

-70
Smart Scan Analysis for CNYIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2227.2214 2230.2620 2225.1000 2226.5450 -0.6764
Prev. Close Volume Bid Ask Time
2227.2214 2024-07-15 05:27:23
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