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Forex Trend Analysis Report

Prepared for you on Wednesday, May 12, 2021.

Indian Rupee/South African Rand (FOREX:INRZAR)

Bear Market Rally (-75) - INRZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on INRZAR as it may be in the beginning 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
0.19112578 0.19189815 0.19014254 0.19152261 +0.00039700
Entry Signal

MarketClub’s Trade Triangles for INRZAR

long term down The long-term trend has been DOWN since Oct 26th, 2020 at 0.21873950

intermediate term down The intermediate-term trend has been DOWN since Mar 31st, 2021 at 0.20130629

short term up The short-term trend has been UP since Apr 12th, 2021 at 0.19601451

Smart Scan Analysis for INRZAR

Based on our trend formula, INRZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for INRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19112578 0.19189815 0.19014254 0.19152261 +0.00039700
Prev. Close Volume Bid Ask Time
0.19112578 2021-05-12 13:34:33
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