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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

US Dollar/Tanzanian Shilling (FOREX:USDTZS)

Countertrend Up (+85) - USDTZS is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_USDTZS
Open High Low USDTZS Price Change
2610.0000 2621.9447 2610.0000 2621.9447 +11.9447
Entry Signal

MarketClub’s Trade Triangles for USDTZS

long term up The long-term trend has been UP since Apr 5th, 2023 at 2344.5

intermediate term up The intermediate-term trend has been UP since Nov 24th, 2023 at 2514.0

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 2600.0

Smart Scan Analysis for USDTZS

Based on our trend formula, USDTZS is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for USDTZS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2610.0000 2621.9447 2610.0000 2621.9447 +11.9447
Prev. Close Volume Bid Ask Time
2610.0000 2024-06-13 11:03:43
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