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Forex Trend Analysis Report

Prepared for you on Wednesday, March 3, 2021.

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.

FOREX_INRZAR
Open High Low INRZAR Price Change
0.20428386 0.20714444 0.20360143 0.20702770 +0.00274400
Entry Signal

MarketClub’s Trade Triangles for INRZAR

long term down The long-term trend has been DOWN since Oct 26th, 2020 at 0.21873950

intermediate term down The intermediate-term trend has been DOWN since Feb 9th, 2021 at 0.20234583

short term up The short-term trend has been UP since Feb 25th, 2021 at 0.20597090

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).

-55
Smart Scan Analysis for INRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20428386 0.20714444 0.20360143 0.20702770 +0.00274400
Prev. Close Volume Bid Ask Time
0.20428386 2021-03-03 16:46:29
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