Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Japanese Yen/Indian Rupee (FOREX:JPYINR)
Crossroads (+60) - JPYINR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid JPYINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYINR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYINR
The long-term trend has been DOWN since May 2nd, 2023 at 0.59548209
The intermediate-term trend has been UP since Nov 20th, 2023 at 0.55955803
The short-term trend has been UP since Nov 14th, 2023 at 0.55199775
Smart Scan Analysis for JPYINR
Based on our trend formula, JPYINR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).