Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2017.
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.
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 UP since Sep 12th, 2017 at 2243.6
The short term trend has been DOWN since Sep 19th, 2017 at 2241.7
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).