Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
South African Rand/New Taiwan Dollar (FOREX:ZARTWD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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.
MarketClub’s Trade Triangles for ZARTWD
The long term trend has been UP since Dec 29th, 2019 at 2.1260500
The intermediate term trend has been DOWN since Jan 12th, 2020 at 2.1061865
The short term trend has been UP since Jan 22nd, 2020 at 2.0825100
Smart Scan Analysis for ZARTWD
Based on a pre-defined weighted trend formula for chart analysis, ZARTWD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).