Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
South African Rand/Indian Rupee (FOREX:ZARINR)
Sidelines Mode (+55) - ZARINR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for ZARINR
The long-term trend has been DOWN since Feb 26th, 2020 at 4.6705672
The intermediate-term trend has been UP since May 20th, 2020 at 4.1800327
The short-term trend has been DOWN since May 29th, 2020 at 4.3073992
Smart Scan Analysis for ZARINR
Based on our trend formula, ZARINR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).