Forex Trend Analysis Report
Prepared for you on Friday, September 21, 2018.
Tanzanian Shilling/US Dollar (FOREX:TZSUSD)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 TZSUSD
The long term trend has been UP since Jul 8th, 2018 at 0.000440
The intermediate term trend has been DOWN since Sep 9th, 2018 at 0.000436
The short term trend has been DOWN since Sep 16th, 2018 at 0.000437
Smart Scan Analysis for TZSUSD
Based on a pre-defined weighted trend formula for chart analysis, TZSUSD scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).