Forex Trend Analysis Report
Prepared for you on Tuesday, June 22, 2021.
New Taiwan Dollar/South African Rand (FOREX:TWDZAR)
Bull Market Weakness (+75) - TWDZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on TWDZAR as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for TWDZAR
The long-term trend has been DOWN since Nov 4th, 2020 at 0.55386321
The intermediate-term trend has been UP since Jun 16th, 2021 at 0.50186416
The short-term trend has been UP since Jun 9th, 2021 at 0.49125978
Smart Scan Analysis for TWDZAR
Based on our trend formula, TWDZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).