Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Monday, September 24, 2018.

Indian Rupee/South African Rand (FOREX:INRZAR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

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
0.199375 0.199575 0.195465 0.197850 -0.001525
Entry Signal

MarketClub’s Trade Triangles for INRZAR

long term up The long term trend has been UP since May 2nd, 2018 at 0.189660

intermediate term down The intermediate term trend has been DOWN since Sep 20th, 2018 at 0.199930

short term down The short term trend has been DOWN since Sep 18th, 2018 at 0.204785

Smart Scan Analysis for INRZAR

Based on a pre-defined weighted trend formula for chart analysis, INRZAR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for INRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.199375 0.199575 0.195465 0.197850 -0.001525
Prev. Close Volume Bid Ask Time
0.199375 0.197690 0.198010 2018-09-24 19:15:29
Want to analyze Indian Rupee/South African Rand INRZAR or another symbol? Try our Free Forex Trend Analysis Report.