Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Indian Rupee/Japanese Yen (FOREX:INRJPY)
Long-Term Downtrend (-90) - INRJPY is in a strong downtrend that is likely to continue. While INRJPY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Dec 3rd, 2023 at 1.7481476
The intermediate-term trend has been DOWN since Nov 16th, 2023 at 1.7790350
The short-term trend has been DOWN since Dec 7th, 2023 at 1.7570858
Smart Scan Analysis for INRJPY
Based on our trend formula, INRJPY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).