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.
MarketClub’s Trade Triangles for TZSZAR
The long-term trend has been DOWN since Jul 17th, 2023 at 0.00741119
The intermediate-term trend has been UP since Sep 5th, 2023 at 0.00771689
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).