Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

South African Rand/Indian Rupee (FOREX:ZARINR)

Strong Downtrend (-100) - ZARINR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARINR continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid ZARINR?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARINR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARINR
Open High Low ZARINR Price Change
4.4671508 4.4700710 4.4194879 4.4255276 -0.0416230
Entry Signal

MarketClub’s Trade Triangles for ZARINR

long term down The long-term trend has been DOWN since Oct 5th, 2023 at 4.2668146

intermediate term down The intermediate-term trend has been DOWN since Nov 30th, 2023 at 4.3977041

short term down The short-term trend has been DOWN since Nov 30th, 2023 at 4.4258655

Smart Scan Analysis for ZARINR

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

-100
Smart Scan Analysis for ZARINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4671508 4.4700710 4.4194879 4.4255276 -0.0416230
Prev. Close Volume Bid Ask Time
4.4671508 2023-12-04 14:31:47
Get a free daily analysis and signals for South African Rand/Indian Rupee (ZARINR) - Request Your Free Report.