Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
US Dollar/Tanzanian Shilling (FOREX:USDTZS)
Crossroads (-60) - USDTZS is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for USDTZS
The long-term trend has been UP since Jan 24th, 2022 at 2310.001
The intermediate-term trend has been DOWN since Jul 21st, 2022 at 2325.000
The short-term trend has been DOWN since Aug 16th, 2022 at 2327.500
Smart Scan Analysis for USDTZS
Based on our trend formula, USDTZS is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).