Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
Euro/Tanzanian Shilling (FOREX:EURTZS)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURTZS
The long term trend has been DOWN since May 1st, 2018 at 2738.455
The intermediate term trend has been DOWN since Oct 1st, 2018 at 2641.300
The short term trend has been UP since Nov 15th, 2018 at 2599.200
Smart Scan Analysis for EURTZS
Based on a pre-defined weighted trend formula for chart analysis, EURTZS scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).