Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Tanzanian Shilling/Euro (FOREX:TZSEUR)
Strong Downtrend (-100) - TZSEUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, TZSEUR continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid TZSEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for TZSEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TZSEUR
The long-term trend has been DOWN since Nov 11th, 2022 at 0.00041888
The intermediate-term trend has been DOWN since Oct 24th, 2023 at 0.00037834
The short-term trend has been DOWN since Nov 6th, 2023 at 0.00037658
Smart Scan Analysis for TZSEUR
Based on our trend formula, TZSEUR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).