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.

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

MarketClub’s Trade Triangles for INRZAR

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

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

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

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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