Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
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.
MarketClub’s Trade Triangles for JPYIDR
The long-term trend has been UP since Feb 16th, 2021 at 140.15505
The intermediate-term trend has been UP since Feb 16th, 2021 at 136.09420
The short-term trend has been UP since Feb 26th, 2021 at 134.11122
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).