Forex Trend Analysis Report
Prepared for you on Friday, January 28, 2022.
Indonesian Rupiah/Chinese Yuan Renminbi (FOREX:IDRCNY)
Sidelines Mode (-55) - IDRCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Oct 14th, 2021 at 0.00045500
The intermediate-term trend has been DOWN since Dec 2nd, 2021 at 0.00044240
The short-term trend has been UP since Jan 27th, 2022 at 0.00044247
Smart Scan Analysis for IDRCNY
Based on our trend formula, IDRCNY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).