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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.

FOREX_IDRJPY
Open High Low IDRJPY Price Change
0.00763073 0.00764958 0.00759756 0.00760483 -0.00002600
Entry Signal

MarketClub’s Trade Triangles for IDRJPY

long term down The long-term trend has been DOWN since Sep 14th, 2020 at 0.70992380

intermediate term down The intermediate-term trend has been DOWN since Apr 12th, 2021 at 0.00749621

short term up 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).

-65
Smart Scan Analysis for IDRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00763073 0.00764958 0.00759756 0.00760483 -0.00002600
Prev. Close Volume Bid Ask Time
0.00763073 2021-05-07 17:21:07
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