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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.

FOREX_INRNZD
Open High Low INRNZD Price Change
0.01878676 0.01888163 0.01871474 0.01873600 -0.00005100
Entry Signal

MarketClub’s Trade Triangles for INRNZD

long term up The long-term trend has been UP since Mar 22nd, 2021 at 0.01936673

intermediate term down The intermediate-term trend has been DOWN since Apr 9th, 2021 at 0.01895648

short term down 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).

-50
Smart Scan Analysis for INRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01878676 0.01888163 0.01871474 0.01873600 -0.00005100
Prev. Close Volume Bid Ask Time
0.01878676 2021-05-07 13:27:32
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