Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
US Dollar/Tanzanian Shilling (FOREX:USDTZS)
Strong Uptrend (+100) - USDTZS is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDTZS continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Apr 5th, 2023 at 2344.500
The intermediate-term trend has been UP since Nov 24th, 2023 at 2514.000
The short-term trend has been UP since Nov 30th, 2023 at 2514.999
Smart Scan Analysis for USDTZS
Based on our trend formula, USDTZS is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).