Free Daily Analysis

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.

FOREX_INRZAR
Open High Low INRZAR Price Change
0.22497097 0.22763081 0.22472951 0.22674338 +0.00177200
Entry Signal

MarketClub’s Trade Triangles for INRZAR

long term down The long-term trend has been DOWN since Nov 16th, 2023 at 0.21723186

intermediate term up The intermediate-term trend has been UP since Nov 30th, 2023 at 0.22736182

short term up 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).

+60
Smart Scan Analysis for INRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22497097 0.22763081 0.22472951 0.22674338 +0.00177200
Prev. Close Volume Bid Ask Time
0.22682030 2023-12-08 20:32:21
Get a free daily analysis and signals for Indian Rupee/South African Rand (INRZAR) - Request Your Free Report.