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Forex Trend Analysis Report

Prepared for you on Monday, October 25, 2021.

Tanzanian Shilling/South African Rand (FOREX:TZSZAR)

Sidelines Mode (+55) - TZSZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
0.00642874 0.00645840 0.00635248 0.00639785 -0.00003100
Entry Signal

MarketClub’s Trade Triangles for TZSZAR

long term up The long-term trend has been UP since Jul 23rd, 2021 at 0.00640164

intermediate term down The intermediate-term trend has been DOWN since Oct 19th, 2021 at 0.00631043

short term up The short-term trend has been UP since Oct 22nd, 2021 at 0.00638918

Smart Scan Analysis for TZSZAR

Based on our trend formula, TZSZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for TZSZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00642874 0.00645840 0.00635248 0.00639785 -0.00003100
Prev. Close Volume Bid Ask Time
0.00642874 2021-10-25 19:11:02
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