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Forex Trend Analysis Report

Prepared for you on Saturday, February 22, 2020.

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

Sidelines Mode (+55) - TWDZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid TWDZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for TWDZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_TWDZAR
Open High Low TWDZAR Price Change
0.49801119 0.50088093 0.49307337 0.49462810 -0.00338300
Entry Signal

MarketClub’s Trade Triangles for TWDZAR

long term up The long-term trend has been UP since Feb 7th, 2020 at 0.49835513

intermediate term up The intermediate-term trend has been UP since Jan 13th, 2020 at 0.48061009

short term down The short-term trend has been DOWN since Feb 21st, 2020 at 0.49440287

Smart Scan Analysis for TWDZAR

Based on our trend formula, TWDZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for TWDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.49801119 0.50088093 0.49307337 0.49462810 -0.00338300
Prev. Close Volume Bid Ask Time
0.49801119 0.49447614 0.49478006 2020-02-21 17:13:30
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