Forex Trend Analysis Report
Prepared for you on Sunday, May 28, 2017.
US Dollar/Tanzanian Shilling (FOREX:USDTZS)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 Nov 17th, 2016 at 2200.50
The intermediate term trend has been DOWN since May 19th, 2017 at 2232.65
The short term trend has been UP since May 22nd, 2017 at 2238.40
Smart Scan Analysis for USDTZS
Based on a pre-defined weighted trend formula for chart analysis, USDTZS scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).