Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Wednesday, February 21, 2018.

Indian Rupee/South African Rand (FOREX:INRZAR)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
0.181375 0.181700 0.179510 0.179690 -0.001685
Entry Signal

MarketClub’s Trade Triangles for INRZAR

long term down The long term trend has been DOWN since Dec 18th, 2017 at 0.199065

intermediate term down The intermediate term trend has been DOWN since Nov 19th, 2017 at 0.214715

short term down The short term trend has been DOWN since Feb 12th, 2018 at 0.186610

Smart Scan Analysis for INRZAR

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

-100
Smart Scan Analysis for INRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.181375 0.181700 0.179510 0.179690 -0.001685
Prev. Close Volume Bid Ask Time
0.181375 0.179620 0.179760 2018-02-21 13:42:07
Want to analyze Indian Rupee/South African Rand INRZAR or another symbol? Try our Free Forex Trend Analysis Report.