Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Tanzanian Shilling/South African Rand (FOREX:TZSZAR)

Strong Downtrend (-100) - TZSZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, TZSZAR continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid TZSZAR?

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

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

FOREX_TZSZAR
Open High Low TZSZAR Price Change
0.00739652 0.00742763 0.00733810 0.00734587 -0.00005100
Entry Signal

MarketClub’s Trade Triangles for TZSZAR

long term down The long-term trend has been DOWN since Dec 21st, 2023 at 0.00716543

intermediate term down The intermediate-term trend has been DOWN since Mar 7th, 2024 at 0.00732549

short term down The short-term trend has been DOWN since Mar 20th, 2024 at 0.00731966

Smart Scan Analysis for TZSZAR

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

-100
Smart Scan Analysis for TZSZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00739652 0.00742763 0.00733810 0.00734587 -0.00005100
Prev. Close Volume Bid Ask Time
0.00739652 2024-03-28 12:19:28
Get a free daily analysis and signals for Tanzanian Shilling/South African Rand (TZSZAR) - Request Your Free Report.