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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Tanzanian Shilling (FOREX:USDTZS)
Long-Term Downtrend (-90) - USDTZS is in a strong downtrend that is likely to continue. While USDTZS 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 USDTZS?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDTZS.
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 USDTZS
The long-term trend has been DOWN since Nov 7th, 2024 at 2680.676
The intermediate-term trend has been DOWN since Oct 9th, 2024 at 2720.000
The short-term trend has been DOWN since Oct 29th, 2024 at 2725.000
Smart Scan Analysis for USDTZS
Based on our trend formula, USDTZS is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2647.965 | 2653.982 | 2647.965 | 2653.982 | +6.017 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2647.965 | 2024-11-20 03:36:05 |