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.
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 Jan 8th, 2021 at 1.4186554
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).