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Forex Trend Analysis Report

Prepared for you on Thursday, October 28, 2021.

Indian Rupee/South African Rand (FOREX:INRZAR)

Long-Term Uptrend (+90) - INRZAR is in a strong uptrend that is likely to continue. While INRZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid INRZAR?

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

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

FOREX_INRZAR
Open High Low INRZAR Price Change
0.20127754 0.20283734 0.20124409 0.20202756 +0.00075000
Entry Signal

MarketClub’s Trade Triangles for INRZAR

long term up The long-term trend has been UP since Aug 17th, 2021 at 0.20139922

intermediate term up The intermediate-term trend has been UP since Oct 28th, 2021 at 0.20239851

short term up The short-term trend has been UP since Oct 22nd, 2021 at 0.19638622

Smart Scan Analysis for INRZAR

Based on our trend formula, INRZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for INRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20127754 0.20283734 0.20124409 0.20202756 +0.00075000
Prev. Close Volume Bid Ask Time
0.20127754 2021-10-28 10:27:33
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