Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
US Dollar/Tanzanian Shilling (FOREX:USDTZS)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 USDTZS
The long term trend has been DOWN since Dec 26th, 2019 at 2292.500
The intermediate term trend has been DOWN since Dec 26th, 2019 at 2296.566
The short term trend has been DOWN since Jan 12th, 2020 at 2299.700
Smart Scan Analysis for USDTZS
Based on a pre-defined weighted trend formula for chart analysis, USDTZS scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).