Forex Trend Analysis Report
Prepared for you on Thursday, May 28, 2020.
British Pound/Tanzanian Shilling (FOREX:GBPTZS)
Strong Downtrend (-100) - GBPTZS is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPTZS?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPTZS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPTZS
The long-term trend has been DOWN since Mar 4th, 2020 at 2966.1189
The intermediate-term trend has been DOWN since May 5th, 2020 at 2881.8501
The short-term trend has been DOWN since May 5th, 2020 at 2882.9483
Smart Scan Analysis for GBPTZS
Based on our trend formula, GBPTZS is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).