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.
MarketClub’s Trade Triangles for INRZAR
The long-term trend has been DOWN since Oct 26th, 2020 at 0.21873950
The intermediate-term trend has been DOWN since Mar 31st, 2021 at 0.20130629
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).