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Forex Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

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, ZARINR 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.

FOREX_ZARINR
Open High Low ZARINR Price Change
4.4834011 4.4949416 4.4449134 4.4593991 -0.0240020
Entry Signal

MarketClub’s Trade Triangles for ZARINR

long term down The long-term trend has been DOWN since Feb 24th, 2023 at 4.4779647

intermediate term down The intermediate-term trend has been DOWN since Jan 19th, 2023 at 4.7144414

short term down The short-term trend has been DOWN since Mar 15th, 2023 at 4.4655727

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).

-100
Smart Scan Analysis for ZARINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4834011 4.4949416 4.4449134 4.4593991 -0.0240020
Prev. Close Volume Bid Ask Time
4.4834011 2023-03-20 15:14:28
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