Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Indian Rupee/South African Rand (FOREX:INRZAR)

Sidelines Mode (-55) - INRZAR 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 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
0.22688268 0.22707285 0.22650067 0.22671031 -0.00017200
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 28th, 2024 at 0.22829850

Smart Scan Analysis for INRZAR

Based on our trend formula, INRZAR is rated as a -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
0.22688268 0.22707285 0.22650067 0.22671031 -0.00017200
Prev. Close Volume Bid Ask Time
0.22688268 2024-03-29 11:02:23
Get a free daily analysis and signals for Indian Rupee/South African Rand (INRZAR) - Request Your Free Report.