Free Daily Analysis

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.

FOREX_INRJPY
Open High Low INRJPY Price Change
1.5587026 1.5598390 1.5497982 1.5538113 -0.0048910
Entry Signal

MarketClub’s Trade Triangles for INRJPY

long term down The long-term trend has been DOWN since Jan 6th, 2020 at 1.5007500

intermediate term up The intermediate-term trend has been UP since Feb 19th, 2020 at 1.5438714

short term up 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).

+70
Smart Scan Analysis for INRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5587026 1.5598390 1.5497982 1.5538113 -0.0048910
Prev. Close Volume Bid Ask Time
1.5587026 1.5537601 1.5538625 2020-02-21 11:31:09
Get a free daily analysis and signals for Indian Rupee/Japanese Yen (INRJPY) - Request Your Free Report.