Forex Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
South African Rand/Indian Rupee (FOREX:ZARINR)
Crossroads (+60) - ZARINR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for ZARINR
The long-term trend has been DOWN since Feb 26th, 2020 at 4.6705672
The intermediate-term trend has been UP since May 20th, 2020 at 4.1800327
The short-term trend has been UP since Jun 2nd, 2020 at 4.3690358
Smart Scan Analysis for ZARINR
Based on our trend formula, ZARINR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).