Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
New Taiwan Dollar/South African Rand (FOREX:TWDZAR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 Mar 28th, 2019 at 0.475705
The intermediate term trend has been UP since May 29th, 2019 at 0.470680
The short term trend has been DOWN since Jun 10th, 2019 at 0.472765
Smart Scan Analysis for TWDZAR
Based on a pre-defined weighted trend formula for chart analysis, TWDZAR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).