Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
Tanzanian Shilling/South African Rand (FOREX:TZSZAR)
Bull Market Weakness (+75) - TZSZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on TZSZAR as it may be in the beginning stages of a reversal.
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 Feb 24th, 2020 at 0.00657720
The intermediate-term trend has been UP since Jan 14th, 2020 at 0.00628172
The short-term trend has been DOWN since Apr 7th, 2020 at 0.00800375
Smart Scan Analysis for TZSZAR
Based on our trend formula, TZSZAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).