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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

New Zealand Dollar/Indian Rupee (FOREX:NZDINR)

Bull Market Weakness (+75) - NZDINR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDINR as it may be in the beginning stages of a reversal.

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.

FOREX_NZDINR
Open High Low NZDINR Price Change
51.431987 51.432852 50.959506 51.209902 -0.222085
Entry Signal

MarketClub’s Trade Triangles for NZDINR

long term up The long-term trend has been UP since Nov 28th, 2023 at 51.014808

intermediate term up The intermediate-term trend has been UP since Nov 6th, 2023 at 49.889005

short term down The short-term trend has been DOWN since Dec 5th, 2023 at 51.201350

Smart Scan Analysis for NZDINR

Based on our trend formula, NZDINR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for NZDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
51.431987 51.432852 50.959506 51.209902 -0.222085
Prev. Close Volume Bid Ask Time
51.431987 2023-12-08 10:39:33
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