Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
South African Rand/New Taiwan Dollar (FOREX:ZARTWD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Jun 6th, 2019 at 2.12515
The intermediate term trend has been DOWN since May 28th, 2019 at 2.17160
The short term trend has been UP since Jun 12th, 2019 at 2.11860
Smart Scan Analysis for ZARTWD
Based on a pre-defined weighted trend formula for chart analysis, ZARTWD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).