Forex Trend Analysis Report
Prepared for you on Monday, September 25, 2023.
Tunisian Dinar/South African Rand (FOREX:TNDZAR)
Long-Term Downtrend (-90) - TNDZAR is in a strong downtrend that is likely to continue. While TNDZAR 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 TNDZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for TNDZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TNDZAR
The long-term trend has been DOWN since Jul 27th, 2023 at 5.7723840
The intermediate-term trend has been DOWN since Sep 20th, 2023 at 6.0102984
The short-term trend has been DOWN since Sep 11th, 2023 at 6.0983297
Smart Scan Analysis for TNDZAR
Based on our trend formula, TNDZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).