Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Tanzanian Shilling/US Dollar (FOREX:TZSUSD)
Strong Downtrend (-100) - TZSUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, TZSUSD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid TZSUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TZSUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TZSUSD
The long-term trend has been DOWN since Jan 18th, 2023 at 0.00042719
The intermediate-term trend has been DOWN since Nov 24th, 2023 at 0.00039979
The short-term trend has been DOWN since Nov 23rd, 2023 at 0.00040021
Smart Scan Analysis for TZSUSD
Based on our trend formula, TZSUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).