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.
MarketClub’s Trade Triangles for ZARINR
The long-term trend has been DOWN since Aug 17th, 2021 at 4.9656895
The intermediate-term trend has been DOWN since Oct 28th, 2021 at 4.9418221
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).