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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Chinese Yuan Renminbi/Indonesian Rupiah (FOREX:CNYIDR)
Bull Market Weakness (+75) - CNYIDR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.
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MarketClub’s Trade Triangles for CNYIDR
The long-term trend has been DOWN since Aug 14th, 2024 at 2184.4368
The intermediate-term trend has been UP since Oct 3rd, 2024 at 2187.8527
The short-term trend has been UP since Oct 21st, 2024 at 2183.9028
Smart Scan Analysis for CNYIDR
Based on our trend formula, CNYIDR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2196.4118 | 2211.2743 | 2191.5751 | 2204.0064 | +7.5946 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2196.4118 | 2024-10-25 17:06:17 |