Forex Trend Analysis Report
Prepared for you on Saturday, August 13, 2022.
South African Rand/New Taiwan Dollar (FOREX:ZARTWD)
Crossroads (+60) - ZARTWD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Jun 2nd, 2022 at 1.8041058
The intermediate-term trend has been UP since Jul 29th, 2022 at 1.8363737
The short-term trend has been UP since Aug 8th, 2022 at 1.8091205
Smart Scan Analysis for ZARTWD
Based on our trend formula, ZARTWD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).