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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

South African Rand/Indian Rupee (FOREX:ZARINR)

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

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
5.0727275 5.1558576 5.0714237 5.1427234 +0.0699960
Entry Signal

MarketClub’s Trade Triangles for ZARINR

long term down The long-term trend has been DOWN since Aug 17th, 2021 at 4.9656895

intermediate term up The intermediate-term trend has been UP since Oct 12th, 2021 at 5.0517412

short term up The short-term trend has been UP since Oct 13th, 2021 at 5.0625635

Smart Scan Analysis for ZARINR

Based on our trend formula, ZARINR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for ZARINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.0727275 5.1558576 5.0714237 5.1427234 +0.0699960
Prev. Close Volume Bid Ask Time
5.1427234 2021-10-15 19:57:40
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