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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Chinese Yuan Renminbi/Indonesian Rupiah (FOREX:CNYIDR)
Sidelines Mode (-50) - CNYIDR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CNYIDR can gain 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.
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MarketClub’s Trade Triangles for CNYIDR
The long-term trend has been UP since Dec 19th, 2024 at 2245.5162
The intermediate-term trend has been DOWN since Dec 25th, 2024 at 2174.8359
The short-term trend has been DOWN since Dec 23rd, 2024 at 2208.7966
Smart Scan Analysis for CNYIDR
Based on our trend formula, CNYIDR is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2218.1502 | 2224.6678 | 2217.7773 | 2219.9120 | +1.7618 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2218.1502 | 2024-12-26 10:31:33 |