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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
South African Rand/Indian Rupee (FOREX:ZARINR)
Bear Market Rally (-75) - ZARINR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARINR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ZARINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARINR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ZARINR
The long-term trend has been DOWN since Feb 23rd, 2024 at 4.2988890
The intermediate-term trend has been DOWN since Apr 18th, 2024 at 4.3653702
The short-term trend has been UP since Apr 25th, 2024 at 4.3742001
Smart Scan Analysis for ZARINR
Based on our trend formula, ZARINR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.3352381 | 4.4001220 | 4.3350457 | 4.3790465 | +0.0438080 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.3352381 | 2024-04-25 21:04:40 |