Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
South African Rand/Indian Rupee (FOREX:ZARINR)
Weak Downtrend (-65) - ZARINR is showing signs of a strengthening downtrend. Monitor ZARINR as it may be building momentum to the downside.
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 UP since Oct 26th, 2020 at 4.5804719
The intermediate-term trend has been DOWN since Mar 3rd, 2021 at 4.8395945
The short-term trend has been DOWN since Feb 25th, 2021 at 4.8575538
Smart Scan Analysis for ZARINR
Based on our trend formula, ZARINR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).