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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
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 Feb 23rd, 2024 at 4.2988890
The intermediate-term trend has been DOWN since Apr 18th, 2024 at 4.3653702
The short-term trend has been DOWN since Apr 10th, 2024 at 4.4431723
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 |
|---|---|---|---|---|
| 4.3391960 | 4.3741392 | 4.3307767 | 4.3688102 | +0.0296140 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.3391960 | 2024-04-19 16:43:24 |