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.
MarketClub’s Trade Triangles for INRZAR
The long-term trend has been UP since May 2nd, 2022 at 0.21028628
The intermediate-term trend has been UP since Jun 13th, 2022 at 0.20454153
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).