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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Indian Rupee/South African Rand (FOREX:INRZAR)

Bull Market Weakness (+75) - INRZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on INRZAR as it may be in the beginning stages of a reversal.

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.

FOREX_INRZAR
Open High Low INRZAR Price Change
0.22880250 0.22942660 0.22846924 0.22910708 +0.00030500
Entry Signal

MarketClub’s Trade Triangles for INRZAR

long term up The long-term trend has been UP since Feb 22nd, 2024 at 0.23128627

intermediate term down The intermediate-term trend has been DOWN since Mar 7th, 2024 at 0.22623050

short term up The short-term trend has been UP since Mar 15th, 2024 at 0.22661810

Smart Scan Analysis for INRZAR

Based on our trend formula, INRZAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for INRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22880250 0.22942660 0.22846924 0.22910708 +0.00030500
Prev. Close Volume Bid Ask Time
0.22880250 2024-03-19 05:30:04
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