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.
MarketClub’s Trade Triangles for NZDINR
The long-term trend has been DOWN since Dec 3rd, 2021 at 50.838618
The intermediate-term trend has been DOWN since Nov 10th, 2021 at 52.551732
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).