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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Indian Rupee/South African Rand (FOREX:INRZAR)
Sidelines Mode (+55) - INRZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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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 UP since Nov 11th, 2024 at 0.21251578
The short-term trend has been DOWN since Nov 18th, 2024 at 0.21424543
Smart Scan Analysis for INRZAR
Based on our trend formula, INRZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.21390020 | 0.21490733 | 0.21359848 | 0.21461607 | +0.00071600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.21390020 | 2024-11-20 03:42:07 |