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.

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

MarketClub’s Trade Triangles for INRZAR

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

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

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

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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