Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, December 6, 2024.
US Dollar/Tanzanian Shilling (FOREX:USDTZS)
Strong Downtrend (-100) - USDTZS is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDTZS continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDTZS?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDTZS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for USDTZS
The long-term trend has been DOWN since Nov 7th, 2024 at 2680.676
The intermediate-term trend has been DOWN since Oct 9th, 2024 at 2720.000
The short-term trend has been DOWN since Nov 29th, 2024 at 2645.000
Smart Scan Analysis for USDTZS
Based on our trend formula, USDTZS is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2620 | 2620 | 2620 | 2620 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2600 | 2024-12-05 19:31:20 |