Forex Trend Analysis Report
Prepared for you on Saturday, January 20, 2018.
Euro/Tanzanian Shilling (FOREX:EURTZS)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 Nov 6th, 2017 at 2603.4260
The intermediate term trend has been UP since Dec 25th, 2017 at 2667.4770
The short term trend has been UP since Jan 11th, 2018 at 2697.4805
Smart Scan Analysis for EURTZS
Based on a pre-defined weighted trend formula for chart analysis, EURTZS scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).