Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

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

Weak Downtrend (-65) - IDRCNH is showing signs of a strengthening downtrend. Monitor IDRCNH as it may be building momentum to the downside.

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
0.00044512 0.00044657 0.00044474 0.00044619 +0.00000100
Entry Signal

MarketClub’s Trade Triangles for IDRCNH

long term up The long-term trend has been UP since Jul 22nd, 2024 at 0.00045883

intermediate term down The intermediate-term trend has been DOWN since Jul 25th, 2024 at 0.00044536

short term down The short-term trend has been DOWN since Jul 24th, 2024 at 0.00044678

Smart Scan Analysis for IDRCNH

Based on our trend formula, IDRCNH is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for IDRCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00044512 0.00044657 0.00044474 0.00044619 +0.00000100
Prev. Close Volume Bid Ask Time
0.00044512 2024-07-26 17:00:03
Get a free daily analysis and signals for Indonesian Rupiah/Chinese Yuan Renminbi Offshore (IDRCNH) - Request Your Free Report.