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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for TZSZAR
The long-term trend has been DOWN since Dec 21st, 2023 at 0.00716543
The intermediate-term trend has been UP since Oct 31st, 2024 at 0.00654873
The short-term trend has been DOWN since Nov 18th, 2024 at 0.00680681
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00681839 | 0.00684650 | 0.00680480 | 0.00682130 | +0.00000300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00681839 | 2024-11-20 03:37:29 |