Forex Trend Analysis Report
Prepared for you on Tuesday, May 11, 2021.
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, SHORTSYMBOL 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.
MarketClub’s Trade Triangles for TZSZAR
The long-term trend has been DOWN since Jul 21st, 2020 at 0.00707313
The intermediate-term trend has been DOWN since Apr 1st, 2021 at 0.00629491
The short-term trend has been DOWN since Apr 13th, 2021 at 0.00626714
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).