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Forex Trend Analysis Report

Prepared for you on Wednesday, January 26, 2022.

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

Long-Term Downtrend (-90) - IDRCNH is in a strong downtrend that is likely to continue. While IDRCNH is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.00044115 0.00044185 0.00044063 0.00044176 +0.00000100
Entry Signal

MarketClub’s Trade Triangles for IDRCNH

long term down The long-term trend has been DOWN since Nov 1st, 2021 at 0.00044639

intermediate term down The intermediate-term trend has been DOWN since Jan 5th, 2022 at 0.00044168

short term down The short-term trend has been DOWN since Jan 24th, 2022 at 0.00044184

Smart Scan Analysis for IDRCNH

Based on our trend formula, IDRCNH is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for IDRCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00044115 0.00044185 0.00044063 0.00044176 +0.00000100
Prev. Close Volume Bid Ask Time
0.00044115 2022-01-26 08:18:50
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