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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.

FOREX_ZARINR
Open High Low ZARINR Price Change
4.4659168 4.5122959 4.4621272 4.4826364 +0.0167200
Entry Signal

MarketClub’s Trade Triangles for ZARINR

long term down The long-term trend has been DOWN since Feb 26th, 2020 at 4.6705672

intermediate term up The intermediate-term trend has been UP since May 20th, 2020 at 4.1800327

short term up 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).

+60
Smart Scan Analysis for ZARINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4659168 4.5122959 4.4621272 4.4826364 +0.0167200
Prev. Close Volume Bid Ask Time
4.4659168 4.4821949 4.4830780 2020-06-05 18:46:19
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