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.
MarketClub’s Trade Triangles for INRJPY
The long-term trend has been DOWN since Jan 6th, 2020 at 1.5007500
The intermediate-term trend has been DOWN since Oct 21st, 2020 at 1.4266523
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).