Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
Tanzanian Shilling/US Dollar (FOREX:TZSUSD)
Bear Market Rally (-75) - TZSUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TZSUSD as it may be in the beginning of a reversal.
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 Feb 21st, 2023 at 0.00042772
The short-term trend has been UP since Mar 17th, 2023 at 0.00042779
Smart Scan Analysis for TZSUSD
Based on our trend formula, TZSUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).