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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Tanzanian Shilling/South African Rand (FOREX:TZSZAR)
Long-Term Downtrend (-90) - TZSZAR is in a strong downtrend that is likely to continue. While TZSZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Jun 17th, 2024 at 0.00696839
The short-term trend has been DOWN since Jul 26th, 2024 at 0.00676044
Smart Scan Analysis for TZSZAR
Based on our trend formula, TZSZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00681127 | 0.00681301 | 0.00674876 | 0.00676670 | -0.00004500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00681127 | 2024-07-26 17:00:06 |