Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
New Zealand Dollar/Indian Rupee (FOREX:NZDINR)
Long-Term Uptrend (+90) - NZDINR is in a strong uptrend that is likely to continue. While NZDINR 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 NZDINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDINR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDINR
The long-term trend has been UP since Nov 5th, 2020 at 50.111823
The intermediate-term trend has been UP since Feb 8th, 2021 at 52.835496
The short-term trend has been UP since Feb 19th, 2021 at 52.854013
Smart Scan Analysis for NZDINR
Based on our trend formula, NZDINR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).