Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Indian Rupee/South African Rand (FOREX:INRZAR)

Bear Market Rally (-75) - INRZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on INRZAR as it may be in the beginning of a reversal.

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.

Open	High	Low	INRZAR Price	Change
0.21888434	0.21891926	0.21767707	0.21831025	-0.00057400
Entry Signal

MarketClub’s Trade Triangles for INRZAR

The long-term trend has been DOWN since May 3rd, 2024 at 0.22136426

The intermediate-term trend has been DOWN since Jun 17th, 2024 at 0.21861208

The short-term trend has been DOWN since Jul 26th, 2024 at 0.21814612

Smart Scan Analysis for INRZAR

Based on our trend formula, INRZAR is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.21888434	0.21891926	0.21767707	0.21831025	-0.00057400
Prev. Close	Volume	Bid	Ask	Time
0.21888434				2024-07-26 17:00:05

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