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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

South African Rand/Tanzanian Shilling (FOREX:ZARTZS)

Long-Term Downtrend (-90) - ZARTZS is in a strong downtrend that is likely to continue. While ZARTZS 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 ZARTZS?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARTZS.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARTZS
Open High Low ZARTZS Price Change
139.14306 139.47762 136.95681 137.45042 -1.69264
Entry Signal

MarketClub’s Trade Triangles for ZARTZS

long term down The long-term trend has been DOWN since May 2nd, 2022 at 144.18495

intermediate term down The intermediate-term trend has been DOWN since Aug 19th, 2022 at 137.70505

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 142.26177

Smart Scan Analysis for ZARTZS

Based on our trend formula, ZARTZS is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZARTZS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
139.14306 139.47762 136.95681 137.45042 -1.69264
Prev. Close Volume Bid Ask Time
139.14306 2022-08-19 17:20:34
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