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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2024.

Indonesian Rupiah/Japanese Yen (FOREX:IDRJPY)

Bull Market Weakness (+75) - IDRJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on IDRJPY as it may be in the beginning stages of a reversal.

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.

FOREX_IDRJPY
Open High Low IDRJPY Price Change
0.00948789 0.00953754 0.00942542 0.00951099 +0.00002300
Entry Signal

MarketClub’s Trade Triangles for IDRJPY

long term up The long-term trend has been UP since Oct 1st, 2024 at 0.01000559

intermediate term up The intermediate-term trend has been UP since Nov 13th, 2024 at 0.00983499

short term up The short-term trend has been UP since Dec 4th, 2024 at 0.00947045

Smart Scan Analysis for IDRJPY

Based on our trend formula, IDRJPY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for IDRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00948789 0.00953754 0.00942542 0.00951099 +0.00002300
Prev. Close Volume Bid Ask Time
0.00948789 2024-12-06 07:58:09
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