Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
New Taiwan Dollar/South African Rand (FOREX:TWDZAR)
Crossroads (+60) - TWDZAR is struggling to move into a solid trend. Beware of choppy markets 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 DOWN since Nov 4th, 2020 at 0.55386321
The intermediate-term trend has been UP since Feb 26th, 2021 at 0.54367188
The short-term trend has been UP since Feb 25th, 2021 at 0.53429078
Smart Scan Analysis for TWDZAR
Based on our trend formula, TWDZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).