Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
New Taiwan Dollar/South African Rand (FOREX:TWDZAR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
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 TWDZAR
The long term trend has been UP since Aug 9th, 2019 at 0.485030
The intermediate term trend has been DOWN since Sep 4th, 2019 at 0.477885
The short term trend has been UP since Sep 13th, 2019 at 0.474925
Smart Scan Analysis for TWDZAR
Based on a pre-defined weighted trend formula for chart analysis, TWDZAR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).