Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
South African Rand/New Taiwan Dollar (FOREX:ZARTWD)
Long-Term Downtrend (-90) - ZARTWD is in a strong downtrend that is likely to continue. While ZARTWD 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 ZARTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARTWD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARTWD
The long-term trend has been DOWN since Feb 3rd, 2020 at 2.0370766
The intermediate-term trend has been DOWN since Jan 12th, 2020 at 2.1061865
The short-term trend has been DOWN since Feb 9th, 2020 at 2.0349978
Smart Scan Analysis for ZARTWD
Based on our trend formula, ZARTWD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).