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.
MarketClub’s Trade Triangles for IDRCNH
The long-term trend has been DOWN since Nov 1st, 2021 at 0.00044639
The intermediate-term trend has been DOWN since Jan 5th, 2022 at 0.00044168
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).