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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

Indonesian Rupiah/Japanese Yen (FOREX:IDRJPY)

Countertrend Down (-85) - IDRJPY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid IDRJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for IDRJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_IDRJPY
Open High Low IDRJPY Price Change
0.00749021 0.00749779 0.00747027 0.00748153 -0.00000900
Entry Signal

MarketClub’s Trade Triangles for IDRJPY

long term down The long-term trend has been DOWN since Sep 14th, 2020 at 0.70992380

intermediate term down The intermediate-term trend has been DOWN since Feb 16th, 2021 at 0.00735341

short term up The short-term trend has been UP since Feb 24th, 2021 at 0.00751114

Smart Scan Analysis for IDRJPY

Based on our trend formula, IDRJPY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for IDRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00749021 0.00749779 0.00747027 0.00748153 -0.00000900
Prev. Close Volume Bid Ask Time
0.00749021 2021-02-26 05:03:04
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