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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

Indonesian Rupiah/Japanese Yen (FOREX:IDRJPY)

Bear Market Rally (-75) - IDRJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on IDRJPY as it may be in the beginning 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
0.00965270 0.00966293 0.00959045 0.00961200 -0.00004100
Entry Signal

MarketClub’s Trade Triangles for IDRJPY

long term down The long-term trend has been DOWN since Jan 26th, 2024 at 0.00498666

intermediate term down The intermediate-term trend has been DOWN since Jun 4th, 2024 at 0.00959817

short term up The short-term trend has been UP since Jun 20th, 2024 at 0.00965812

Smart Scan Analysis for IDRJPY

Based on our trend formula, IDRJPY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for IDRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00965270 0.00966293 0.00959045 0.00961200 -0.00004100
Prev. Close Volume Bid Ask Time
0.00965270 2024-06-20 20:14:31
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