Forex Trend Analysis Report
Prepared for you on Tuesday, March 20, 2018.
Tanzanian Shilling/US Dollar (FOREX:TZSUSD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Jul 12th, 2016 at 0.00046
The intermediate term trend has been DOWN since Jul 12th, 2016 at 0.00046
The short term trend has been DOWN since Dec 13th, 2017 at 0.00045
Smart Scan Analysis for TZSUSD
Based on a pre-defined weighted trend formula for chart analysis, TZSUSD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).