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Forex Trend Analysis Report

Prepared for you on Wednesday, October 4, 2023.

Tanzanian Shilling/South African Rand (FOREX:TZSZAR)

Crossroads (+60) - TZSZAR is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_TZSZAR
Open High Low TZSZAR Price Change
0.00771116 0.00775685 0.00763836 0.00764342 -0.00006800
Entry Signal

MarketClub’s Trade Triangles for TZSZAR

long term down The long-term trend has been DOWN since Jul 17th, 2023 at 0.00741119

intermediate term up The intermediate-term trend has been UP since Sep 5th, 2023 at 0.00771689

short term up The short-term trend has been UP since Oct 3rd, 2023 at 0.00768128

Smart Scan Analysis for TZSZAR

Based on our trend formula, TZSZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for TZSZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00771116 0.00775685 0.00763836 0.00764342 -0.00006800
Prev. Close Volume Bid Ask Time
0.00771116 2023-10-04 09:06:51
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