Forex Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
Indonesian Rupiah/Japanese Yen (FOREX:IDRJPY)
Long-Term Downtrend (-90) - IDRJPY is in a strong downtrend that is likely to continue. While IDRJPY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for IDRJPY
The long-term trend has been DOWN since Oct 6th, 2023 at 0.00849605
The intermediate-term trend has been DOWN since Nov 30th, 2023 at 0.00949706
The short-term trend has been DOWN since Nov 28th, 2023 at 0.00956147
Smart Scan Analysis for IDRJPY
Based on our trend formula, IDRJPY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).