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.
MarketClub’s Trade Triangles for ZARTZS
The long-term trend has been DOWN since May 2nd, 2022 at 144.18495
The intermediate-term trend has been DOWN since Aug 19th, 2022 at 137.70505
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).