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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

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.

FOREX_ZARINR
Open High Low ZARINR Price Change
4.3406711 4.3607019 4.3234847 4.3553519 +0.0146810
Entry Signal

MarketClub’s Trade Triangles for ZARINR

long term down The long-term trend has been DOWN since Feb 26th, 2020 at 4.6705672

intermediate term up The intermediate-term trend has been UP since May 20th, 2020 at 4.1800327

short term down The short-term trend has been DOWN since May 29th, 2020 at 4.3073992

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).

+55
Smart Scan Analysis for ZARINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.3406711 4.3607019 4.3234847 4.3553519 +0.0146810
Prev. Close Volume Bid Ask Time
4.3406711 4.3549182 4.3557855 2020-06-02 05:02:22
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