Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Indian Rupee/New Zealand Dollar (FOREX:INRNZD)
Weak Downtrend (-65) - INRNZD is showing signs of a strengthening downtrend. Monitor INRNZD as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for INRNZD
The long-term trend has been UP since Feb 26th, 2020 at 0.02219619
The intermediate-term trend has been DOWN since May 26th, 2020 at 0.02139807
The short-term trend has been DOWN since May 18th, 2020 at 0.02196563
Smart Scan Analysis for INRNZD
Based on our trend formula, INRNZD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).