Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
New Taiwan Dollar/South African Rand (FOREX:TWDZAR)
Sidelines Mode (-55) - TWDZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Feb 7th, 2020 at 0.49835513
The intermediate-term trend has been DOWN since May 20th, 2020 at 0.60456963
The short-term trend has been UP since May 29th, 2020 at 0.58767205
Smart Scan Analysis for TWDZAR
Based on our trend formula, TWDZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).