Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
New Taiwan Dollar/South African Rand (FOREX:TWDZAR)
Bear Market Rally (-75) - TWDZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TWDZAR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid TWDZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for TWDZAR
The long-term trend has been DOWN since Apr 3rd, 2024 at 0.58434486
The intermediate-term trend has been DOWN since Mar 7th, 2024 at 0.59528605
The short-term trend has been UP since May 8th, 2024 at 0.57434384
Smart Scan Analysis for TWDZAR
Based on our trend formula, TWDZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.57294428 | 0.57383623 | 0.56906028 | 0.57052966 | -0.00241500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.57294428 | 2024-05-09 11:44:15 |