Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
British Pound/Tanzanian Shilling (FOREX:GBPTZS)
Crossroads (-60) - GBPTZS is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPTZS?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPTZS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPTZS
The long-term trend has been DOWN since Mar 4th, 2020 at 2966.1189
The intermediate-term trend has been UP since Jun 2nd, 2020 at 2860.6491
The short-term trend has been UP since Jun 2nd, 2020 at 2840.1385
Smart Scan Analysis for GBPTZS
Based on our trend formula, GBPTZS is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).