Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Indian Rupee/New Zealand Dollar (FOREX:INRNZD)
Sidelines Mode (+55) - INRNZD 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 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 UP since Feb 26th, 2020 at 0.02219619
The intermediate-term trend has been UP since May 3rd, 2020 at 0.02213143
The short-term trend has been DOWN since May 18th, 2020 at 0.02196563
Smart Scan Analysis for INRNZD
Based on our trend formula, INRNZD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).