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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

Japanese Yen/Indonesian Rupiah (FOREX:JPYIDR)

Bear Market Rally (-75) - JPYIDR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on JPYIDR as it may be in the beginning of a reversal.

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
123.74469 124.32686 123.57390 124.28269 +0.53800
Entry Signal

MarketClub’s Trade Triangles for JPYIDR

long term down The long-term trend has been DOWN since Sep 6th, 2021 at 129.01499

intermediate term down The intermediate-term trend has been DOWN since Aug 31st, 2021 at 129.76913

short term up The short-term trend has been UP since Oct 21st, 2021 at 124.00436

Smart Scan Analysis for JPYIDR

Based on our trend formula, JPYIDR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for JPYIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
123.74469 124.32686 123.57390 124.28269 +0.53800
Prev. Close Volume Bid Ask Time
123.74469 2021-10-21 11:36:10
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