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.

Open	High	Low	INRNZD Price	Change
0.01945003	0.01952226	0.01944064	0.01949829	+0.00004800
Entry Signal

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).

-75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.01945003	0.01952226	0.01944064	0.01949829	+0.00004800
Prev. Close	Volume	Bid	Ask	Time
0.01945003				2023-12-08 05:20:41

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