Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Indian Rupee/Japanese Yen (FOREX:INRJPY)
Countertrend Up (+85) - INRJPY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Feb 2nd, 2021 at 1.4390885
The intermediate-term trend has been UP since Sep 27th, 2021 at 1.5045232
The short-term trend has been DOWN since Oct 22nd, 2021 at 1.5186036
Smart Scan Analysis for INRJPY
Based on our trend formula, INRJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).