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Forex Trend Analysis Report

Prepared for you on Saturday, December 15, 2018.

Indian Rupee/South African Rand (FOREX:INRZAR)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_INRZAR
Open High Low INRZAR Price Change
0.198395 0.200795 0.198310 0.200275 +0.001880
Entry Signal

MarketClub’s Trade Triangles for INRZAR

long term down The long term trend has been DOWN since Nov 7th, 2018 at 0.19185

intermediate term up The intermediate term trend has been UP since Dec 9th, 2018 at 0.20043

short term down The short term trend has been DOWN since Dec 12th, 2018 at 0.19729

Smart Scan Analysis for INRZAR

Based on a pre-defined weighted trend formula for chart analysis, INRZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for INRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.198395 0.200795 0.198310 0.200275 +0.001880
Prev. Close Volume Bid Ask Time
0.198395 0.200040 0.200510 2018-12-14 18:06:43
Want to analyze Indian Rupee/South African Rand INRZAR or another symbol? Try our Free Forex Trend Analysis Report.