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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 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
0.00648566 0.00651394 0.00642463 0.00645857 -0.00002700
Entry Signal

MarketClub’s Trade Triangles for TZSZAR

long term down The long-term trend has been DOWN since Jul 21st, 2020 at 0.00707313

intermediate term down The intermediate-term trend has been DOWN since Feb 9th, 2021 at 0.00637077

short term up The short-term trend has been UP since Feb 25th, 2021 at 0.00643493

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
0.00648566 0.00651394 0.00642463 0.00645857 -0.00002700
Prev. Close Volume Bid Ask Time
0.00648566 2021-03-01 14:42:28
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