Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Tuesday, September 17, 2019.

Indian Rupee/South African Rand (FOREX:INRZAR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_INRZAR
Open High Low INRZAR Price Change
0.205210 0.205955 0.204405 0.205720 +0.000510
Entry Signal

MarketClub’s Trade Triangles for INRZAR

long term up The long term trend has been UP since Mar 14th, 2019 at 0.209425

intermediate term down The intermediate term trend has been DOWN since Sep 3rd, 2019 at 0.210045

short term down The short term trend has been DOWN since Sep 16th, 2019 at 0.204315

Smart Scan Analysis for INRZAR

Based on a pre-defined weighted trend formula for chart analysis, INRZAR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for INRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.205210 0.205955 0.204405 0.205720 +0.000510
Prev. Close Volume Bid Ask Time
0.205210 0.205650 0.205790 2019-09-17 06:32:56
Want to analyze Indian Rupee/South African Rand INRZAR or another symbol? Try our Free Forex Trend Analysis Report.