Forex Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
South African Rand/New Taiwan Dollar (FOREX:ZARTWD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ZARTWD
The long term trend has been UP since Jan 22nd, 2018 at 2.21270
The intermediate term trend has been UP since Feb 1st, 2018 at 2.43570
The short term trend has been UP since Jan 22nd, 2018 at 2.24475
Smart Scan Analysis for ZARTWD
Based on a pre-defined weighted trend formula for chart analysis, ZARTWD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).