Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Tunisian Dinar/South African Rand (FOREX:TNDZAR)
Sidelines Mode (+55) - TNDZAR 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 TNDZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for TNDZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TNDZAR
The long-term trend has been UP since Aug 20th, 2021 at 5.3113203
The intermediate-term trend has been DOWN since Oct 13th, 2021 at 5.2556932
The short-term trend has been UP since Oct 21st, 2021 at 5.2076654
Smart Scan Analysis for TNDZAR
Based on our trend formula, TNDZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).