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.
MarketClub’s Trade Triangles for JPYIDR
The long-term trend has been UP since Feb 16th, 2021 at 140.15505
The intermediate-term trend has been UP since Apr 12th, 2021 at 133.40174
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).