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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Indian Rupee (FOREX:ZARINR)
Countertrend Up (+85) - ZARINR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid ZARINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARINR.
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 ZARINR
The long-term trend has been UP since May 3rd, 2024 at 4.5178067
The intermediate-term trend has been UP since May 3rd, 2024 at 4.5178067
The short-term trend has been DOWN since May 8th, 2024 at 4.4963342
Smart Scan Analysis for ZARINR
Based on our trend formula, ZARINR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.4933594 | 4.4949256 | 4.4932250 | 4.4934611 | +0.0001020 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.4933594 | 2024-05-09 00:29:24 |