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Forex Trend Analysis Report

Prepared for you on Sunday, December 16, 2018.

US Dollar/Tanzanian Shilling (FOREX:USDTZS)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.

Open High Low USDTZS Price Change
2300.0 2310.7 2299.6 2310.3 +10.3
Entry Signal

MarketClub’s Trade Triangles for USDTZS

long term up The long term trend has been UP since Sep 12th, 2017 at 2243.6

intermediate term up The intermediate term trend has been UP since Nov 15th, 2018 at 2295.8

short term down The short term trend has been DOWN since Dec 13th, 2018 at 2299.3

Smart Scan Analysis for USDTZS

Based on a pre-defined weighted trend formula for chart analysis, USDTZS scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for USDTZS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2300.0 2310.7 2299.6 2310.3 +10.3
Prev. Close Volume Bid Ask Time
2300 2305.0 2315.6 2018-12-14 13:06:57
Want to analyze US Dollar/Tanzanian Shilling USDTZS or another symbol? Try our Free Forex Trend Analysis Report.