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Forex Trend Analysis Report

Prepared for you on Monday, October 2, 2023.

South African Rand/New Taiwan Dollar (FOREX:ZARTWD)

Weak Downtrend (-65) - ZARTWD is showing signs of a strengthening downtrend. Monitor ZARTWD as it may be building momentum to the downside.

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.

FOREX_ZARTWD
Open High Low ZARTWD Price Change
1.7016165 1.7075898 1.6771208 1.6784346 -0.0231820
Entry Signal

MarketClub’s Trade Triangles for ZARTWD

long term up The long-term trend has been UP since Jul 17th, 2023 at 1.7245165

intermediate term down The intermediate-term trend has been DOWN since Sep 6th, 2023 at 1.6541076

short term down The short-term trend has been DOWN since Sep 26th, 2023 at 1.6971929

Smart Scan Analysis for ZARTWD

Based on our trend formula, ZARTWD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for ZARTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7016165 1.7075898 1.6771208 1.6784346 -0.0231820
Prev. Close Volume Bid Ask Time
1.7016165 2023-10-02 22:54:47
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