Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Indian Rupee/New Zealand Dollar (FOREX:INRNZD)
Bear Market Rally (-75) - INRNZD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on INRNZD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid INRNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for INRNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for INRNZD
The long-term trend has been DOWN since Nov 28th, 2023 at 0.01960909
The intermediate-term trend has been DOWN since Nov 14th, 2023 at 0.02002158
The short-term trend has been UP since Dec 5th, 2023 at 0.01952638
Smart Scan Analysis for INRNZD
Based on our trend formula, INRNZD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).