Forex Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

Indian Rupee/New Zealand Dollar (FOREX:INRNZD)

Sidelines Mode (-55) - INRNZD 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 INRNZD?

MarketClub looks at technical strength and momentum to determine if the timing is right for INRNZD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	INRNZD Price	Change
0.01950873	0.01951981	0.01930927	0.01938448	-0.00012400
Entry Signal

MarketClub’s Trade Triangles for INRNZD

The long-term trend has been UP since Mar 3rd, 2023 at 0.01971199

The intermediate-term trend has been DOWN since Mar 17th, 2023 at 0.01930047

The short-term trend has been UP since Mar 21st, 2023 at 0.01950104

Smart Scan Analysis for INRNZD

Based on our trend formula, INRNZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.01950873	0.01951981	0.01930927	0.01938448	-0.00012400
Prev. Close	Volume	Bid	Ask	Time
0.01950873				2023-03-22 15:32:38

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