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Forex Trend Analysis Report

Prepared for you on Wednesday, October 28, 2020.

Tanzanian Shilling/Euro (FOREX:TZSEUR)

Long-Term Downtrend (-90) - TZSEUR is in a strong downtrend that is likely to continue. While TZSEUR 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 TZSEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for TZSEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_TZSEUR
Open High Low TZSEUR Price Change
0.00036482 0.00036482 0.00036482 0.00036482 0.00000000
Entry Signal

MarketClub’s Trade Triangles for TZSEUR

long term down The long-term trend has been DOWN since Jul 9th, 2020 at 0.00038200

intermediate term down The intermediate-term trend has been DOWN since Oct 13th, 2020 at 0.00036813

short term down The short-term trend has been DOWN since Oct 19th, 2020 at 0.00036746

Smart Scan Analysis for TZSEUR

Based on our trend formula, TZSEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for TZSEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00036482 0.00036482 0.00036482 0.00036482 0.00000000
Prev. Close Volume Bid Ask Time
0.00036482 2020-10-27 22:05:28
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