Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
South African Rand/New Taiwan Dollar (FOREX:ZARTWD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 2.43570
The intermediate term trend has been DOWN since Dec 9th, 2018 at 2.18675
The short term trend has been DOWN since Dec 4th, 2018 at 2.23875
Smart Scan Analysis for ZARTWD
Based on a pre-defined weighted trend formula for chart analysis, ZARTWD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).