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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

Tanzanian Shilling/US Dollar (FOREX:TZSUSD)

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

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

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

FOREX_TZSUSD
Open High Low TZSUSD Price Change
0.00038519 0.00038519 0.00038501 0.00038501 0.00000000
Entry Signal

MarketClub’s Trade Triangles for TZSUSD

long term down The long-term trend has been DOWN since Jan 18th, 2023 at 0.00042719

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 0.00039123

short term down The short-term trend has been DOWN since May 16th, 2024 at 0.00038585

Smart Scan Analysis for TZSUSD

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

-90
Smart Scan Analysis for TZSUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00038519 0.00038519 0.00038501 0.00038501 0.00000000
Prev. Close Volume Bid Ask Time
0.00038547 2024-05-26 21:00:24
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