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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

New Taiwan Dollar/South African Rand (FOREX:TWDZAR)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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.

FOREX_TWDZAR
Open High Low TWDZAR Price Change
0.48127053 0.48198463 0.47926922 0.48033411 -0.00093600
Entry Signal

MarketClub’s Trade Triangles for TWDZAR

long term down The long term trend has been DOWN since Dec 27th, 2019 at 0.46765000

intermediate term up The intermediate term trend has been UP since Jan 13th, 2020 at 0.48061009

short term down The short term trend has been DOWN since Jan 22nd, 2020 at 0.48041889

Smart Scan Analysis for TWDZAR

Based on a pre-defined weighted trend formula for chart analysis, TWDZAR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for TWDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.48127053 0.48198463 0.47926922 0.48033411 -0.00093600
Prev. Close Volume Bid Ask Time
0.48127053 0.48017286 0.48049536 2020-01-22 09:09:19
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