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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Indonesian Rupiah/Japanese Yen (FOREX:IDRJPY)

Bull Market Weakness (+75) - IDRJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on IDRJPY as it may be in the beginning stages of a reversal.

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
0.7386287 0.7394454 0.7383823 0.7393961 +0.0007670
Entry Signal

MarketClub’s Trade Triangles for IDRJPY

long term down The long-term trend has been DOWN since Mar 5th, 2020 at 0.7513692

intermediate term up The intermediate-term trend has been UP since Apr 19th, 2020 at 0.6995294

short term up The short-term trend has been UP since May 24th, 2020 at 0.7346694

Smart Scan Analysis for IDRJPY

Based on our trend formula, IDRJPY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for IDRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7386287 0.7394454 0.7383823 0.7393961 +0.0007670
Prev. Close Volume Bid Ask Time
0.7386287 0.7393498 0.7394423 2020-06-02 01:42:12
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