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.
MarketClub’s Trade Triangles for IDRJPY
The long-term trend has been DOWN since Mar 5th, 2020 at 0.7513692
The intermediate-term trend has been UP since Apr 19th, 2020 at 0.6995294
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).