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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/New Taiwan Dollar (FOREX:ZARTWD)
Countertrend Up (+85) - ZARTWD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid ZARTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARTWD.
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 ZARTWD
The long-term trend has been UP since Apr 3rd, 2024 at 1.7134479
The intermediate-term trend has been UP since Mar 7th, 2024 at 1.6796025
The short-term trend has been DOWN since May 8th, 2024 at 1.7411120
Smart Scan Analysis for ZARTWD
Based on our trend formula, ZARTWD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.7454763 | 1.7531984 | 1.7426690 | 1.7520845 | +0.0066080 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.7454763 | 2024-05-09 07:07:51 |