Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
US Dollar/Tanzanian Shilling (FOREX:USDTZS)
Weak Uptrend (+65) - USDTZS is showing signs of weakening momentum to the upside. Monitor USDTZS as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDTZS?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDTZS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDTZS
The long-term trend has been UP since Apr 28th, 2020 at 2318.0275
The intermediate-term trend has been UP since May 21st, 2020 at 2322.7321
The short-term trend has been DOWN since May 31st, 2020 at 2313.1000
Smart Scan Analysis for USDTZS
Based on our trend formula, USDTZS is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).