Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2019.
British Pound/Tanzanian Shilling (FOREX:GBPTZS)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 GBPTZS
The long term trend has been UP since Jan 25th, 2019 at 3033.45
The intermediate term trend has been DOWN since Mar 29th, 2019 at 3032.35
The short term trend has been DOWN since Apr 17th, 2019 at 3022.15
Smart Scan Analysis for GBPTZS
Based on a pre-defined weighted trend formula for chart analysis, GBPTZS scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).