Forex Trend Analysis Report
Prepared for you on Tuesday, July 25, 2017.
US Dollar/Tanzanian Shilling (FOREX:USDTZS)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 Nov 17th, 2016 at 2200.50
The intermediate term trend has been DOWN since Jun 25th, 2017 at 2233.05
The short term trend has been DOWN since Jul 21st, 2017 at 2237.70
Smart Scan Analysis for USDTZS
Based on a pre-defined weighted trend formula for chart analysis, USDTZS scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).