Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Indian Rupee/South African Rand (FOREX:INRZAR)
Crossroads (+60) - INRZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid INRZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for INRZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for INRZAR
The long-term trend has been DOWN since Nov 16th, 2023 at 0.21723186
The intermediate-term trend has been UP since Nov 30th, 2023 at 0.22736182
The short-term trend has been UP since Nov 30th, 2023 at 0.22653273
Smart Scan Analysis for INRZAR
Based on our trend formula, INRZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).