Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Tanzanian Shilling/South African Rand (FOREX:TZSZAR)

Sidelines Mode (-55) - TZSZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

Open	High	Low	TZSZAR Price	Change
0.00738070	0.00740623	0.00735516	0.00738250	+0.00000200
Entry Signal

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 Mar 7th, 2024 at 0.00732549

The short-term trend has been UP since Apr 12th, 2024 at 0.00730548

Smart Scan Analysis for TZSZAR

Based on our trend formula, TZSZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.00738070	0.00740623	0.00735516	0.00738250	+0.00000200
Prev. Close	Volume	Bid	Ask	Time
0.00738070				2024-04-16 05:10:41

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