Forex Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
Chinese Yuan Renminbi/Indonesian Rupiah (FOREX:CNYIDR)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Jun 2nd, 2019 at 2061.70
The intermediate term trend has been DOWN since May 9th, 2019 at 2087.50
The short term trend has been DOWN since Jun 19th, 2019 at 2064.85
Smart Scan Analysis for CNYIDR
Based on a pre-defined weighted trend formula for chart analysis, CNYIDR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).