Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Euro/Tanzanian Shilling (FOREX:EURTZS)
Countertrend Up (+85) - EURTZS is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid EURTZS?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURTZS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURTZS
The long-term trend has been UP since Mar 9th, 2020 at 2580.16
The intermediate-term trend has been UP since May 20th, 2020 at 2529.56
The short-term trend has been UP since May 20th, 2020 at 2514.76
Smart Scan Analysis for EURTZS
Based on our trend formula, EURTZS is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).