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Forex Trend Analysis Report

Prepared for you on Tuesday, May 7, 2024.

Chinese Yuan Renminbi/Indonesian Rupiah (FOREX:CNYIDR)

Weak Uptrend (+65) - CNYIDR is showing signs of weakening momentum to the upside. Monitor CNYIDR as it may be in the beginning stages of a reversal.

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
2222.5301 2225.1482 2220.9600 2225.1482 +2.6181
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 up The intermediate-term trend has been UP since Mar 19th, 2024 at 2192.9483

short term down The short-term trend has been DOWN since May 1st, 2024 at 2236.0334

Smart Scan Analysis for CNYIDR

Based on our trend formula, CNYIDR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CNYIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2222.5301 2225.1482 2220.9600 2225.1482 +2.6181
Prev. Close Volume Bid Ask Time
2222.5301 2024-05-07 04:51:58
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