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Forex Trend Analysis Report

Prepared for you on Saturday, October 23, 2021.

US Dollar/Tanzanian Shilling (FOREX:USDTZS)

Sidelines Mode (-55) - USDTZS 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 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
2305.000 2306.001 2304.431 2304.680 -0.320
Entry Signal

MarketClub’s Trade Triangles for USDTZS

long term down The long-term trend has been DOWN since Jul 4th, 2021 at 2315.685

intermediate term down The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 2312.613

short term up The short-term trend has been UP since Oct 11th, 2021 at 2305.000

Smart Scan Analysis for USDTZS

Based on our trend formula, USDTZS is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for USDTZS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2305.000 2306.001 2304.431 2304.680 -0.320
Prev. Close Volume Bid Ask Time
2305.000 2021-10-22 07:30:18
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