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Forex Trend Analysis Report

Prepared for you on Friday, November 27, 2020.

Indian Rupee/South African Rand (FOREX:INRZAR)

Long-Term Downtrend (-90) - INRZAR is in a strong downtrend that is likely to continue. While INRZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.20590869 0.20708569 0.20473634 0.20640913 +0.00050000
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 Oct 21st, 2020 at 0.22332204

short term down The short-term trend has been DOWN since Nov 23rd, 2020 at 0.20627249

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).

-90
Smart Scan Analysis for INRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20590869 0.20708569 0.20473634 0.20640913 +0.00050000
Prev. Close Volume Bid Ask Time
0.20590869 2020-11-27 17:18:55
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