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Forex Trend Analysis Report

Prepared for you on Sunday, December 5, 2021.

New Zealand Dollar/Indian Rupee (FOREX:NZDINR)

Long-Term Downtrend (-90) - NZDINR is in a strong downtrend that is likely to continue. While NZDINR 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 NZDINR?

MarketClub looks at technical strength and momentum to determine if the timing is right for NZDINR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NZDINR
Open High Low NZDINR Price Change
50.777051 50.788963 50.660283 50.787210 +0.010159
Entry Signal

MarketClub’s Trade Triangles for NZDINR

long term down The long-term trend has been DOWN since Dec 3rd, 2021 at 50.838618

intermediate term down The intermediate-term trend has been DOWN since Nov 10th, 2021 at 52.551732

short term down The short-term trend has been DOWN since Nov 16th, 2021 at 52.099137

Smart Scan Analysis for NZDINR

Based on our trend formula, NZDINR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NZDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.777051 50.788963 50.660283 50.787210 +0.010159
Prev. Close Volume Bid Ask Time
50.777051 2021-12-04 11:37:48
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