Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, October 28, 2021.

South African Rand/Indian Rupee (FOREX:ZARINR)

Strong Downtrend (-100) - ZARINR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid ZARINR?

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

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

FOREX_ZARINR
Open High Low ZARINR Price Change
4.9673917 4.9697008 4.9302018 4.9403898 -0.0270020
Entry Signal

MarketClub’s Trade Triangles for ZARINR

long term down The long-term trend has been DOWN since Aug 17th, 2021 at 4.9656895

intermediate term down The intermediate-term trend has been DOWN since Oct 28th, 2021 at 4.9418221

short term down The short-term trend has been DOWN since Oct 22nd, 2021 at 5.0947094

Smart Scan Analysis for ZARINR

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

-100
Smart Scan Analysis for ZARINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.9673917 4.9697008 4.9302018 4.9403898 -0.0270020
Prev. Close Volume Bid Ask Time
4.9673917 2021-10-28 17:01:16
Get a free daily analysis and signals for South African Rand/Indian Rupee (ZARINR) - Request Your Free Report.