Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

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.

Open	High	Low	INRZAR Price	Change
0.22497097	0.22763081	0.22472951	0.22674338	+0.00177200
Entry Signal

MarketClub’s Trade Triangles for INRZAR

The long-term trend has been DOWN since Nov 16th, 2023 at 0.21723186

The intermediate-term trend has been UP since Nov 30th, 2023 at 0.22736182

The short-term trend has been UP since Nov 30th, 2023 at 0.22653273

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).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.22497097	0.22763081	0.22472951	0.22674338	+0.00177200
Prev. Close	Volume	Bid	Ask	Time
0.22682030				2023-12-08 20:32:21

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