Forex Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
Japanese Yen/Indonesian Rupiah (FOREX:JPYIDR)
Long-Term Uptrend (+90) - JPYIDR is in a strong uptrend that is likely to continue. While JPYIDR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Nov 28th, 2022 at 114.01313
The intermediate-term trend has been UP since Mar 13th, 2023 at 115.06509
The short-term trend has been UP since Mar 24th, 2023 at 117.20490
Smart Scan Analysis for JPYIDR
Based on our trend formula, JPYIDR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).