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Forex Trend Analysis Report

Prepared for you on Saturday, June 15, 2024.

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

Strong Downtrend (-100) - IDRCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, IDRCNH continues to fall. 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
0.00043961 0.00043961 0.00043961 0.00043961 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRCNH

long term down The long-term trend has been DOWN since Sep 26th, 2023 at 0.00047248

intermediate term down The intermediate-term trend has been DOWN since May 29th, 2024 at 0.00044724

short term down The short-term trend has been DOWN since Jun 13th, 2024 at 0.00044518

Smart Scan Analysis for IDRCNH

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

-100
Smart Scan Analysis for IDRCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00043961 0.00043961 0.00043961 0.00043961 0.00000000
Prev. Close Volume Bid Ask Time
0.00043961 2024-06-15 06:10:54
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