Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
Tanzanian Shilling/South African Rand (FOREX:TZSZAR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 TZSZAR
The long term trend has been DOWN since Dec 3rd, 2018 at 0.005915
The intermediate term trend has been DOWN since Jan 4th, 2019 at 0.006116
The short term trend has been UP since Jan 21st, 2019 at 0.006011
Smart Scan Analysis for TZSZAR
Based on a pre-defined weighted trend formula for chart analysis, TZSZAR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).