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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for ZARINR
The long-term trend has been UP since Aug 14th, 2024 at 4.7141813
The intermediate-term trend has been DOWN since Nov 11th, 2024 at 4.7055378
The short-term trend has been UP since Nov 18th, 2024 at 4.6625996
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.6742480 | 4.6807994 | 4.6525357 | 4.6615384 | -0.0127100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.6742480 | 2024-11-20 03:36:54 |