Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
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.
MarketClub’s Trade Triangles for TZSZAR
The long-term trend has been UP since May 2nd, 2022 at 0.00694161
The intermediate-term trend has been DOWN since Aug 10th, 2022 at 0.00702832
The short-term trend has been UP since Aug 15th, 2022 at 0.00699179
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).