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.
MarketClub’s Trade Triangles for ZARINR
The long-term trend has been DOWN since Aug 17th, 2021 at 4.9656895
The intermediate-term trend has been UP since Oct 12th, 2021 at 5.0517412
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).