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Forex Trend Analysis Report
Prepared for you on Wednesday, January 15, 2025.
Chinese Yuan Renminbi/Indonesian Rupiah (FOREX:CNYIDR)
Long-Term Uptrend (+90) - CNYIDR is in a strong uptrend that is likely to continue. While CNYIDR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Jan 13th, 2025 at 2234.8601
The short-term trend has been UP since Jan 8th, 2025 at 2218.9550
Smart Scan Analysis for CNYIDR
Based on our trend formula, CNYIDR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2223.0148 | 2223.3588 | 2222.0767 | 2222.3154 | -0.6994 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2223.0148 | 2025-01-15 01:47:15 |