Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
Indonesian Rupiah/Japanese Yen (FOREX:IDRJPY)
Crossroads (+60) - IDRJPY 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 IDRJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDRJPY
The long-term trend has been DOWN since Sep 14th, 2020 at 0.70992380
The intermediate-term trend has been UP since Nov 6th, 2020 at 0.00726302
The short-term trend has been UP since Nov 23rd, 2020 at 0.00736876
Smart Scan Analysis for IDRJPY
Based on our trend formula, IDRJPY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).