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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Tanzanian Shilling/South African Rand (FOREX:TZSZAR)
Countertrend Down (-85) - TZSZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid TZSZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for TZSZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for TZSZAR
The long-term trend has been DOWN since Dec 21st, 2023 at 0.00716543
The intermediate-term trend has been DOWN since May 1st, 2024 at 0.00713705
The short-term trend has been UP since May 7th, 2024 at 0.00717922
Smart Scan Analysis for TZSZAR
Based on our trend formula, TZSZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00715800 | 0.00718618 | 0.00709842 | 0.00710267 | -0.00005500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00715800 | 2024-05-09 09:51:15 |