Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
South African Rand/New Taiwan Dollar (FOREX:ZARTWD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 DOWN since Apr 12th, 2018 at 2.4357
The intermediate term trend has been UP since Sep 23rd, 2018 at 2.1037
The short term trend has been UP since Oct 9th, 2018 at 2.1028
Smart Scan Analysis for ZARTWD
Based on a pre-defined weighted trend formula for chart analysis, ZARTWD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).