Forex Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
Indian Rupee/Japanese Yen (FOREX:INRJPY)
Weak Downtrend (-65) - INRJPY is showing signs of a strengthening downtrend. Monitor INRJPY as it may be building momentum to the downside.
Is it time to buy, sell, or avoid INRJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for INRJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for INRJPY
The long-term trend has been DOWN since Jan 6th, 2020 at 1.5007500
The intermediate-term trend has been DOWN since Jul 24th, 2020 at 1.4162286
The short-term trend has been UP since Jul 31st, 2020 at 1.4129875
Smart Scan Analysis for INRJPY
Based on our trend formula, INRJPY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).