Forex Trend Analysis Report
Prepared for you on Friday, December 6, 2019.
South African Rand/New Taiwan Dollar (FOREX:ZARTWD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 ZARTWD
The long term trend has been DOWN since Aug 11th, 2019 at 2.0792500
The intermediate term trend has been UP since Nov 24th, 2019 at 2.0705155
The short term trend has been UP since Nov 14th, 2019 at 2.0453912
Smart Scan Analysis for ZARTWD
Based on a pre-defined weighted trend formula for chart analysis, ZARTWD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).