Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Tanzanian Shilling/US Dollar (FOREX:TZSUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 TZSUSD
The long term trend has been UP since Dec 12th, 2019 at 0.0004360
The intermediate term trend has been DOWN since Jan 20th, 2020 at 0.0004343
The short term trend has been UP since Jan 24th, 2020 at 0.0004339
Smart Scan Analysis for TZSUSD
Based on a pre-defined weighted trend formula for chart analysis, TZSUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).