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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

Indian Rupee/Japanese Yen (FOREX:INRJPY)

Sidelines Mode (+55) - INRJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
1.4528827 1.4554079 1.4343618 1.4412399 -0.0116430
Entry Signal

MarketClub’s Trade Triangles for INRJPY

long term up The long-term trend has been UP since Feb 2nd, 2021 at 1.4390885

intermediate term up The intermediate-term trend has been UP since Jan 8th, 2021 at 1.4186554

short term down The short-term trend has been DOWN since Feb 26th, 2021 at 1.4498133

Smart Scan Analysis for INRJPY

Based on our trend formula, INRJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for INRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4528827 1.4554079 1.4343618 1.4412399 -0.0116430
Prev. Close Volume Bid Ask Time
1.4528827 2021-02-26 23:35:31
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