Forex Trend Analysis Report
Prepared for you on Monday, January 17, 2022.
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.
MarketClub’s Trade Triangles for INRZAR
The long-term trend has been UP since Aug 17th, 2021 at 0.20139922
The intermediate-term trend has been DOWN since Jan 14th, 2022 at 0.20565323
The short-term trend has been DOWN since Jan 3rd, 2022 at 0.21352463
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).