Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Indian Rupee/South African Rand (FOREX:INRZAR)
Long-Term Uptrend (+90) - INRZAR is in a strong uptrend that is likely to continue. While INRZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for INRZAR
The long-term trend has been UP since Feb 27th, 2023 at 0.22334585
The intermediate-term trend has been UP since Jan 18th, 2023 at 0.21068505
The short-term trend has been UP since Mar 17th, 2023 at 0.22341197
Smart Scan Analysis for INRZAR
Based on our trend formula, INRZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).