Forex Trend Analysis Report
Prepared for you on Saturday, January 22, 2022.
Chinese Yuan Renminbi/Indonesian Rupiah (FOREX:CNYIDR)
Strong Uptrend (+100) - CNYIDR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYIDR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Nov 3rd, 2021 at 2241.5970
The intermediate-term trend has been UP since Jan 5th, 2022 at 2267.9303
The short-term trend has been UP since Jan 12th, 2022 at 2252.9200
Smart Scan Analysis for CNYIDR
Based on our trend formula, CNYIDR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).