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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.

FOREX_TZSZAR
Open High Low TZSZAR Price Change
0.00606637 0.00606957 0.00606370 0.00606540 -0.00000100
Entry Signal

MarketClub’s Trade Triangles for TZSZAR

long term down The long-term trend has been DOWN since Jul 21st, 2020 at 0.00707313

intermediate term down The intermediate-term trend has been DOWN since Apr 1st, 2021 at 0.00629491

short term down 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).

-100
Smart Scan Analysis for TZSZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00606637 0.00606957 0.00606370 0.00606540 -0.00000100
Prev. Close Volume Bid Ask Time
0.00606637 2021-05-11 01:13:06
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