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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
New Zealand Dollar/Indian Rupee (FOREX:NZDINR)
Sidelines Mode (+55) - NZDINR 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 NZDINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDINR.
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 NZDINR
The long-term trend has been DOWN since Mar 19th, 2024 at 50.167129
The intermediate-term trend has been UP since May 6th, 2024 at 50.366358
The short-term trend has been DOWN since May 8th, 2024 at 49.963640
Smart Scan Analysis for NZDINR
Based on our trend formula, NZDINR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 50.129925 | 50.284954 | 50.042738 | 50.265694 | +0.135769 |
| Prev. Close | Volume | Bid | Ask | Time |
| 50.129925 | 2024-05-09 11:22:01 |