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Forex Trend Analysis Report

Prepared for you on Thursday, September 21, 2023.

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

Sidelines Mode (-55) - IDRCNH is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
0.00047484 0.00047610 0.00047433 0.00047489 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRCNH

long term up The long-term trend has been UP since Apr 3rd, 2023 at 0.00046111

intermediate term down The intermediate-term trend has been DOWN since Sep 12th, 2023 at 0.00047437

short term up The short-term trend has been UP since Sep 18th, 2023 at 0.00047481

Smart Scan Analysis for IDRCNH

Based on our trend formula, IDRCNH is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for IDRCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00047484 0.00047610 0.00047433 0.00047489 0.00000000
Prev. Close Volume Bid Ask Time
0.00047484 2023-09-21 10:21:00
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