Forex Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
Chinese Yuan Renminbi/Indonesian Rupiah (FOREX:CNYIDR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CNYIDR
The long term trend has been DOWN since Jun 2nd, 2019 at 2061.7000
The intermediate term trend has been DOWN since Jan 13th, 2020 at 1980.6195
The short term trend has been UP since Jan 17th, 2020 at 1989.6336
Smart Scan Analysis for CNYIDR
Based on a pre-defined weighted trend formula for chart analysis, CNYIDR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).