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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.

FOREX_TZSZAR
Open High Low TZSZAR Price Change
0.00696479 0.00705993 0.00695967 0.00704250 +0.00007800
Entry Signal

MarketClub’s Trade Triangles for TZSZAR

long term up The long-term trend has been UP since May 2nd, 2022 at 0.00694161

intermediate term down The intermediate-term trend has been DOWN since Aug 10th, 2022 at 0.00702832

short term up 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).

-55
Smart Scan Analysis for TZSZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00696479 0.00705993 0.00695967 0.00704250 +0.00007800
Prev. Close Volume Bid Ask Time
0.00696479 2022-08-15 17:41:17
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