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.
MarketClub’s Trade Triangles for NZDINR
The long-term trend has been UP since Nov 28th, 2023 at 51.014808
The intermediate-term trend has been UP since Nov 6th, 2023 at 49.889005
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).