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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.

FOREX_INRZAR
Open High Low INRZAR Price Change
0.20778884 0.20814936 0.20672448 0.20725504 -0.00053400
Entry Signal

MarketClub’s Trade Triangles for INRZAR

long term up The long-term trend has been UP since Aug 17th, 2021 at 0.20139922

intermediate term down The intermediate-term trend has been DOWN since Jan 14th, 2022 at 0.20565323

short term down 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).

-60
Smart Scan Analysis for INRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20778884 0.20814936 0.20672448 0.20725504 -0.00053400
Prev. Close Volume Bid Ask Time
0.20778884 2022-01-17 21:11:27
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