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.
MarketClub’s Trade Triangles for JPYIDR
The long-term trend has been DOWN since Sep 6th, 2021 at 129.01499
The intermediate-term trend has been DOWN since Aug 31st, 2021 at 129.76913
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).