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Forex Trend Analysis Report

Prepared for you on Monday, August 8, 2022.

Indian Rupee/South African Rand (FOREX:INRZAR)

Sidelines Mode (+55) - INRZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.21144821 0.21151540 0.20839256 0.20887138 -0.00257700
Entry Signal

MarketClub’s Trade Triangles for INRZAR

long term up The long-term trend has been UP since May 2nd, 2022 at 0.21028628

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2022 at 0.20454153

short term down The short-term trend has been DOWN since Aug 5th, 2022 at 0.20914502

Smart Scan Analysis for INRZAR

Based on our trend formula, INRZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for INRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21144821 0.21151540 0.20839256 0.20887138 -0.00257700
Prev. Close Volume Bid Ask Time
0.21144821 2022-08-08 15:47:54
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