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Forex Trend Analysis Report

Prepared for you on Monday, March 18, 2024.

New Zealand Dollar/Indian Rupee (FOREX:NZDINR)

Sidelines Mode (+55) - NZDINR 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 NZDINR?

MarketClub looks at technical strength and momentum to determine if the timing is right for NZDINR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NZDINR
Open High Low NZDINR Price Change
50.504915 50.573677 50.309767 50.323866 -0.181049
Entry Signal

MarketClub’s Trade Triangles for NZDINR

long term up The long-term trend has been UP since Nov 28th, 2023 at 51.014808

intermediate term up The intermediate-term trend has been UP since Feb 20th, 2024 at 51.258855

short term down The short-term trend has been DOWN since Mar 12th, 2024 at 50.993217

Smart Scan Analysis for NZDINR

Based on our trend formula, NZDINR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for NZDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.504915 50.573677 50.309767 50.323866 -0.181049
Prev. Close Volume Bid Ask Time
50.504915 2024-03-18 23:49:08
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