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Forex Trend Analysis Report

Prepared for you on Sunday, April 14, 2024.

Indonesian Rupiah/Chinese Yuan Renminbi (FOREX:IDRCNY)

Long-Term Downtrend (-90) - IDRCNY is in a strong downtrend that is likely to continue. While IDRCNY 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 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.

FOREX_IDRCNY
Open High Low IDRCNY Price Change
0.00044023 0.00044023 0.00044023 0.00044023 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRCNY

long term down The long-term trend has been DOWN since Jan 26th, 2024 at 0.00024037

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2024 at 0.00045007

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 0.00044558

Smart Scan Analysis for IDRCNY

Based on our trend formula, IDRCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for IDRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00044023 0.00044023 0.00044023 0.00044023 0.00000000
Prev. Close Volume Bid Ask Time
0.00044023 2024-04-13 18:02:07
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