Forex Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
US Dollar/Tanzanian Shilling (FOREX:USDTZS)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 2243.60
The intermediate term trend has been UP since Jan 17th, 2018 at 2246.70
The short term trend has been DOWN since Feb 15th, 2018 at 2251.65
Smart Scan Analysis for USDTZS
Based on a pre-defined weighted trend formula for chart analysis, USDTZS scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).