Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
South African Rand/New Taiwan Dollar (FOREX:ZARTWD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 ZARTWD
The long term trend has been UP since Jan 30th, 2019 at 2.24925
The intermediate term trend has been DOWN since Feb 15th, 2019 at 2.21405
The short term trend has been DOWN since Feb 6th, 2019 at 2.30555
Smart Scan Analysis for ZARTWD
Based on a pre-defined weighted trend formula for chart analysis, ZARTWD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).