Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Euro/Tanzanian Shilling (FOREX:EURTZS)
Long-Term Downtrend (-90) - EURTZS is in a strong downtrend that is likely to continue. While EURTZS is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Aug 9th, 2021 at 2729.76
The intermediate-term trend has been DOWN since Sep 22nd, 2021 at 2728.58
The short-term trend has been DOWN since Sep 13th, 2021 at 2743.54
Smart Scan Analysis for EURTZS
Based on our trend formula, EURTZS is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).