Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Tanzanian Shilling/British Pound (FOREX:TZSGBP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 TZSGBP
The long term trend has been DOWN since Oct 17th, 2019 at 0.00034300
The intermediate term trend has been UP since Nov 10th, 2019 at 0.00033858
The short term trend has been DOWN since Nov 13th, 2019 at 0.00033828
Smart Scan Analysis for TZSGBP
Based on a pre-defined weighted trend formula for chart analysis, TZSGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).