Forex Trend Analysis Report
Prepared for you on Saturday, August 17, 2019.
South African Rand/New Taiwan Dollar (FOREX:ZARTWD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 ZARTWD
The long term trend has been DOWN since Aug 11th, 2019 at 2.07925
The intermediate term trend has been DOWN since Jul 30th, 2019 at 2.19750
The short term trend has been DOWN since Jul 25th, 2019 at 2.22785
Smart Scan Analysis for ZARTWD
Based on a pre-defined weighted trend formula for chart analysis, ZARTWD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).