Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
Indonesian Rupiah/Japanese Yen (FOREX:IDRJPY)
Weak Downtrend (-65) - IDRJPY is showing signs of a strengthening downtrend. Monitor IDRJPY as it may be building momentum to the downside.
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 DOWN since Apr 12th, 2021 at 0.00749621
The short-term trend has been UP since Apr 20th, 2021 at 0.00747600
Smart Scan Analysis for IDRJPY
Based on our trend formula, IDRJPY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).