Forex Trend Analysis Report
Prepared for you on Saturday, October 16, 2021.
Indonesian Rupiah/Chinese Yuan Renminbi (FOREX:IDRCNY)
Strong Uptrend (+100) - IDRCNY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, IDRCNY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Sep 20th, 2021 at 0.00045481
The short-term trend has been UP since Oct 14th, 2021 at 0.00045427
Smart Scan Analysis for IDRCNY
Based on our trend formula, IDRCNY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).