Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
New Taiwan Dollar/South African Rand (FOREX:TWDZAR)
Bull Market Weakness (+75) - TWDZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on TWDZAR as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for TWDZAR
The long-term trend has been DOWN since Jul 18th, 2023 at 0.57899772
The intermediate-term trend has been UP since Sep 6th, 2023 at 0.60443141
The short-term trend has been UP since Oct 3rd, 2023 at 0.59616949
Smart Scan Analysis for TWDZAR
Based on our trend formula, TWDZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).