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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.
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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 Oct 21st, 2020 at 0.22332204
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).
| 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 |