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Forex Trend Analysis Report

Prepared for you on Saturday, June 15, 2024.

Indian Rupee/South African Rand (FOREX:INRZAR)

Weak Downtrend (-65) - INRZAR is showing signs of a strengthening downtrend. Monitor INRZAR as it may be building momentum to the downside.

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
0.22000329 0.22000329 0.22000329 0.22000329 0.00000000
Entry Signal

MarketClub’s Trade Triangles for INRZAR

long term down The long-term trend has been DOWN since May 3rd, 2024 at 0.22136426

intermediate term up The intermediate-term trend has been UP since May 30th, 2024 at 0.22368438

short term down The short-term trend has been DOWN since Jun 9th, 2024 at 0.22383606

Smart Scan Analysis for INRZAR

Based on our trend formula, INRZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for INRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22000329 0.22000329 0.22000329 0.22000329 0.00000000
Prev. Close Volume Bid Ask Time
0.22000329 2024-06-15 06:10:52
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