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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
New Taiwan Dollar/South African Rand (FOREX:TWDZAR)
Long-Term Downtrend (-90) - TWDZAR is in a strong downtrend that is likely to continue. While TWDZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for TWDZAR
The long-term trend has been DOWN since Apr 3rd, 2024 at 0.58434486
The intermediate-term trend has been DOWN since Jun 17th, 2024 at 0.56365760
The short-term trend has been DOWN since Jul 26th, 2024 at 0.55624966
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.55857558 | 0.55893501 | 0.55552222 | 0.55691962 | -0.00165600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.55857558 | 2024-07-26 17:00:05 |