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Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

South African Rand/Indian Rupee (FOREX:ZARINR)

Bull Market Weakness (+75) - ZARINR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARINR as it may be in the beginning stages of a reversal.

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
4.6355861 4.6404669 4.5767014 4.5793131 -0.0562730
Entry Signal

MarketClub’s Trade Triangles for ZARINR

long term up The long-term trend has been UP since May 3rd, 2024 at 4.5178067

intermediate term up The intermediate-term trend has been UP since Jun 17th, 2024 at 4.5743809

short term down The short-term trend has been DOWN since Jun 24th, 2024 at 4.6016080

Smart Scan Analysis for ZARINR

Based on our trend formula, ZARINR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for ZARINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6355861 4.6404669 4.5767014 4.5793131 -0.0562730
Prev. Close Volume Bid Ask Time
4.6355861 2024-06-24 09:16:42
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