Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Japanese Yen/Indian Rupee (FOREX:JPYINR)
Long-Term Downtrend (-90) - JPYINR is in a strong downtrend that is likely to continue. While JPYINR 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 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 Feb 2nd, 2021 at 0.6948585
The intermediate-term trend has been DOWN since Jan 7th, 2021 at 0.7068082
The short-term trend has been DOWN since Mar 3rd, 2021 at 0.6847848
Smart Scan Analysis for JPYINR
Based on our trend formula, JPYINR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).