Forex Trend Analysis Report
Prepared for you on Thursday, November 23, 2017.
US Dollar/Tanzanian Shilling (FOREX:USDTZS)
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 USDTZS
The long term trend has been UP since Sep 12th, 2017 at 2243.6
The intermediate term trend has been DOWN since Nov 14th, 2017 at 2234.6
The short term trend has been DOWN since Nov 22nd, 2017 at 2240.7
Smart Scan Analysis for USDTZS
Based on a pre-defined weighted trend formula for chart analysis, USDTZS scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).