Forex Trend Analysis Report
Prepared for you on Wednesday, December 7, 2022.
Euro/Tanzanian Shilling (FOREX:EURTZS)
Countertrend Up (+85) - EURTZS is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid EURTZS?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURTZS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURTZS
The long-term trend has been UP since Nov 11th, 2022 at 2388.39
The intermediate-term trend has been UP since Nov 7th, 2022 at 2289.85
The short-term trend has been UP since Oct 5th, 2022 at 2313.74
Smart Scan Analysis for EURTZS
Based on our trend formula, EURTZS is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).