Forex Trend Analysis Report
Prepared for you on Thursday, March 4, 2021.
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 DOWN since Nov 3rd, 2020 at 0.01989811
The intermediate-term trend has been DOWN since Feb 19th, 2021 at 0.01891132
The short-term trend has been UP since Feb 28th, 2021 at 0.01880724
Smart Scan Analysis for INRNZD
Based on our trend formula, INRNZD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).