Forex Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
Euro/Tanzanian Shilling (FOREX:EURTZS)
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 EURTZS
The long term trend has been DOWN since Mar 29th, 2019 at 2592.20
The intermediate term trend has been UP since Jun 4th, 2019 at 2590.15
The short term trend has been DOWN since Jun 13th, 2019 at 2595.25
Smart Scan Analysis for EURTZS
Based on a pre-defined weighted trend formula for chart analysis, EURTZS scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).