Forex Trend Analysis Report
Prepared for you on Thursday, April 22, 2021.
Indonesian Rupiah/Chinese Yuan Renminbi (FOREX:IDRCNY)
Bear Market Rally (-75) - IDRCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on IDRCNY as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid IDRCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDRCNY
The long-term trend has been DOWN since Sep 2nd, 2020 at 0.04639231
The intermediate-term trend has been DOWN since Mar 24th, 2021 at 0.00044966
The short-term trend has been UP since Apr 19th, 2021 at 0.00044915
Smart Scan Analysis for IDRCNY
Based on our trend formula, IDRCNY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).