Forex Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
Indian Rupee/South African Rand (FOREX:INRZAR)
Bull Market Weakness (+75) - INRZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on INRZAR as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for INRZAR
The long-term trend has been DOWN since Nov 22nd, 2019 at 0.20351000
The intermediate-term trend has been UP since Jan 13th, 2020 at 0.20258514
The short-term trend has been UP since Feb 17th, 2020 at 0.20979581
Smart Scan Analysis for INRZAR
Based on our trend formula, INRZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).