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Forex Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

Japanese Yen/Indonesian Rupiah (FOREX:JPYIDR)

Long-Term Uptrend (+90) - JPYIDR is in a strong uptrend that is likely to continue. While JPYIDR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid JPYIDR?

MarketClub looks at technical strength and momentum to determine if the timing is right for JPYIDR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_JPYIDR
Open High Low JPYIDR Price Change
116.43079 117.73833 116.41693 117.05258 +0.62179
Entry Signal

MarketClub’s Trade Triangles for JPYIDR

long term up The long-term trend has been UP since Nov 28th, 2022 at 114.01313

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 115.06509

short term up The short-term trend has been UP since Mar 16th, 2023 at 117.15762

Smart Scan Analysis for JPYIDR

Based on our trend formula, JPYIDR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for JPYIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
116.43079 117.73833 116.41693 117.05258 +0.62179
Prev. Close Volume Bid Ask Time
116.43079 2023-03-20 07:47:44
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