Forex Trend Analysis Report
Prepared for you on Tuesday, August 3, 2021.
Indonesian Rupiah/Chinese Yuan Renminbi Offshore (FOREX:IDRCNH)
Crossroads (+60) - IDRCNH is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for IDRCNH
The long-term trend has been DOWN since Feb 25th, 2021 at 0.00045187
The intermediate-term trend has been UP since Jul 26th, 2021 at 0.00044844
The short-term trend has been UP since Aug 2nd, 2021 at 0.00044850
Smart Scan Analysis for IDRCNH
Based on our trend formula, IDRCNH is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).