Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
Indian Rupee/New Zealand Dollar (FOREX:INRNZD)
Sidelines Mode (-50) - INRNZD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until INRNZD can gain momentum.
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 Mar 22nd, 2021 at 0.01936673
The intermediate-term trend has been DOWN since Apr 9th, 2021 at 0.01895648
The short-term trend has been DOWN since Apr 19th, 2021 at 0.01855803
Smart Scan Analysis for INRNZD
Based on our trend formula, INRNZD is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).