Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Indian Rupee/New Zealand Dollar (FOREX:INRNZD)
Strong Downtrend (-100) - INRNZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 3rd, 2020 at 0.01989811
The intermediate-term trend has been DOWN since Feb 19th, 2021 at 0.01891132
The short-term trend has been DOWN since Feb 19th, 2021 at 0.01892112
Smart Scan Analysis for INRNZD
Based on our trend formula, INRNZD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).