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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.

FOREX_USDTZS
Open High Low USDTZS Price Change
2332.000 2332.000 2331.500 2331.501 -0.499
Entry Signal

MarketClub’s Trade Triangles for USDTZS

long term up The long-term trend has been UP since Jan 24th, 2022 at 2310.001

intermediate term down The intermediate-term trend has been DOWN since Jul 21st, 2022 at 2325.000

short term down 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).

-60
Smart Scan Analysis for USDTZS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2332.000 2332.000 2331.500 2331.501 -0.499
Prev. Close Volume Bid Ask Time
2332.000 2022-08-18 01:49:24
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