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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

Japanese Yen/Indonesian Rupiah (FOREX:JPYIDR)

Sidelines Mode (+55) - JPYIDR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid JPYIDR?

MarketClub looks at technical strength and momentum to determine if the timing is right for JPYIDR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_JPYIDR
Open High Low JPYIDR Price Change
131.95246 131.95900 130.80876 131.17658 -0.77588
Entry Signal

MarketClub’s Trade Triangles for JPYIDR

long term up The long-term trend has been UP since Feb 16th, 2021 at 140.15505

intermediate term up The intermediate-term trend has been UP since Apr 12th, 2021 at 133.40174

short term down The short-term trend has been DOWN since Apr 20th, 2021 at 133.76131

Smart Scan Analysis for JPYIDR

Based on our trend formula, JPYIDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for JPYIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
131.95246 131.95900 130.80876 131.17658 -0.77588
Prev. Close Volume Bid Ask Time
131.95246 2021-05-06 15:39:18
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