Forex Trend Analysis Report
Prepared for you on Friday, February 15, 2019.
Chinese Renminbi Yuan/Indonesian Rupiah (FOREX:CNYIDR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 Nov 8th, 2018 at 2096.65
The intermediate term trend has been DOWN since Feb 6th, 2019 at 2064.75
The short term trend has been UP since Feb 13th, 2019 at 2081.85
Smart Scan Analysis for CNYIDR
Based on a pre-defined weighted trend formula for chart analysis, CNYIDR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).