Forex Trend Analysis Report
Prepared for you on Friday, February 21, 2020.
Indian Rupee/Japanese Yen (FOREX:INRJPY)
Bull Market Weakness (+75) - INRJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on INRJPY as it may be in the beginning stages of a reversal.
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 UP since Feb 19th, 2020 at 1.5438714
The short-term trend has been UP since Feb 19th, 2020 at 1.5414979
Smart Scan Analysis for INRJPY
Based on our trend formula, INRJPY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).