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Forex Trend Analysis Report

Prepared for you on Thursday, July 18, 2024.

Indonesian Rupiah/Chinese Yuan Renminbi (FOREX:IDRCNY)

Crossroads (+60) - IDRCNY 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 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
0.00044911 0.00045051 0.00044877 0.00044906 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 up The intermediate-term trend has been UP since Jul 7th, 2024 at 0.00044734

short term up The short-term trend has been UP since Jul 17th, 2024 at 0.00045102

Smart Scan Analysis for IDRCNY

Based on our trend formula, IDRCNY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for IDRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00044911 0.00045051 0.00044877 0.00044906 0.00000000
Prev. Close Volume Bid Ask Time
0.00044911 2024-07-18 04:31:40
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