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Forex Trend Analysis Report

Prepared for you on Saturday, December 5, 2020.

Indian Rupee/Japanese Yen (FOREX:INRJPY)

Bear Market Rally (-75) - INRJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on INRJPY as it may be in the beginning of a reversal.

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

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

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

FOREX_INRJPY
Open High Low INRJPY Price Change
1.4117880 1.4123405 1.4117880 1.4117880 0.0000000
Entry Signal

MarketClub’s Trade Triangles for INRJPY

long term down The long-term trend has been DOWN since Jan 6th, 2020 at 1.5007500

intermediate term down The intermediate-term trend has been DOWN since Oct 21st, 2020 at 1.4266523

short term down The short-term trend has been DOWN since Dec 3rd, 2020 at 1.4048137

Smart Scan Analysis for INRJPY

Based on our trend formula, INRJPY is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for INRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4117880 1.4123405 1.4117880 1.4117880 0.0000000
Prev. Close Volume Bid Ask Time
1.4117880 2020-12-05 04:15:43
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