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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.

FOREX_IDRCNY
Open High Low IDRCNY Price Change
0.00044743 0.00044807 0.00044682 0.00044752 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRCNY

long term down The long-term trend has been DOWN since Sep 2nd, 2020 at 0.04639231

intermediate term down The intermediate-term trend has been DOWN since Mar 24th, 2021 at 0.00044966

short term up 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).

-75
Smart Scan Analysis for IDRCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00044743 0.00044807 0.00044682 0.00044752 0.00000000
Prev. Close Volume Bid Ask Time
0.00044743 2021-04-22 09:16:29
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