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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.

FOREX_INRZAR
Open High Low INRZAR Price Change
0.20990944 0.21075259 0.20986039 0.21043653 +0.00052700
Entry Signal

MarketClub’s Trade Triangles for INRZAR

long term down The long-term trend has been DOWN since Nov 22nd, 2019 at 0.20351000

intermediate term up The intermediate-term trend has been UP since Jan 13th, 2020 at 0.20258514

short term up 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).

+70
Smart Scan Analysis for INRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20990944 0.21075259 0.20986039 0.21043653 +0.00052700
Prev. Close Volume Bid Ask Time
0.20990944 0.21037028 0.21050278 2020-02-20 02:58:06
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