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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.

FOREX_CNYIDR
Open High Low CNYIDR Price Change
2213.1333 2213.9561 2205.2994 2208.1231 -5.0102
Entry Signal

MarketClub’s Trade Triangles for CNYIDR

long term up The long-term trend has been UP since Feb 16th, 2021 at 2196.6030

intermediate term up The intermediate-term trend has been UP since Mar 24th, 2021 at 2223.8949

short term up 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).

+80
Smart Scan Analysis for CNYIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2213.1333 2213.9561 2205.2994 2208.1231 -5.0102
Prev. Close Volume Bid Ask Time
2213.1333 2021-05-11 16:58:27
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