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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.

FOREX_JPYINR
Open High Low JPYINR Price Change
0.56644219 0.56660259 0.56483065 0.56532490 -0.00111700
Entry Signal

MarketClub’s Trade Triangles for JPYINR

long term down The long-term trend has been DOWN since May 2nd, 2023 at 0.59548209

intermediate term up The intermediate-term trend has been UP since Nov 20th, 2023 at 0.55955803

short term up 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).

+60
Smart Scan Analysis for JPYINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.56644219 0.56660259 0.56483065 0.56532490 -0.00111700
Prev. Close Volume Bid Ask Time
0.56644219 2023-11-29 04:00:00
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