Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, August 3, 2021.

Indonesian Rupiah/Chinese Yuan Renminbi Offshore (FOREX:IDRCNH)

Crossroads (+60) - IDRCNH is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid IDRCNH?

MarketClub looks at technical strength and momentum to determine if the timing is right for IDRCNH.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_IDRCNH
Open High Low IDRCNH Price Change
0.00045065 0.00045078 0.00044700 0.00045023 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRCNH

long term down The long-term trend has been DOWN since Feb 25th, 2021 at 0.00045187

intermediate term up The intermediate-term trend has been UP since Jul 26th, 2021 at 0.00044844

short term up The short-term trend has been UP since Aug 2nd, 2021 at 0.00044850

Smart Scan Analysis for IDRCNH

Based on our trend formula, IDRCNH is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for IDRCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00045065 0.00045078 0.00044700 0.00045023 0.00000000
Prev. Close Volume Bid Ask Time
0.00045065 2021-08-03 02:17:52
Get a free daily analysis and signals for Indonesian Rupiah/Chinese Yuan Renminbi Offshore (IDRCNH) - Request Your Free Report.