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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Indian Rupee/South African Rand (FOREX:INRZAR)
Countertrend Down (-85) - INRZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid INRZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for INRZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for INRZAR
The long-term trend has been DOWN since May 3rd, 2024 at 0.22136426
The intermediate-term trend has been DOWN since May 3rd, 2024 at 0.22136426
The short-term trend has been UP since May 8th, 2024 at 0.22271413
Smart Scan Analysis for INRZAR
Based on our trend formula, INRZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.22254225 | 0.22269721 | 0.22239909 | 0.22239987 | -0.00014200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.22254225 | 2024-05-09 01:37:18 |