Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
New Taiwan Dollar/South African Rand (FOREX:TWDZAR)
Long-Term Uptrend (+90) - TWDZAR is in a strong uptrend that is likely to continue. While TWDZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Jun 2nd, 2022 at 0.55429982
The intermediate-term trend has been UP since Aug 19th, 2022 at 0.56625569
The short-term trend has been UP since Aug 15th, 2022 at 0.54514993
Smart Scan Analysis for TWDZAR
Based on our trend formula, TWDZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).