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Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
South African Rand/Indian Rupee (FOREX:ZARINR)
Long-Term Downtrend (-90) - ZARINR is in a strong downtrend that is likely to continue. While ZARINR 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 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 DOWN since Oct 5th, 2023 at 4.2668146
The intermediate-term trend has been DOWN since Nov 30th, 2023 at 4.3977041
The short-term trend has been DOWN since Nov 30th, 2023 at 4.4258655
Smart Scan Analysis for ZARINR
Based on our trend formula, ZARINR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.4671508 | 4.4700710 | 4.4194879 | 4.4347305 | -0.0324200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.4671508 | 2023-12-04 17:54:28 |