Forex Trend Analysis Report
Prepared for you on Saturday, October 19, 2019.
US Dollar/Tanzanian Shilling (FOREX:USDTZS)
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 USDTZS
The long term trend has been DOWN since Apr 18th, 2019 at 2296.70
The intermediate term trend has been UP since Sep 25th, 2019 at 2305.15
The short term trend has been DOWN since Oct 17th, 2019 at 2297.60
Smart Scan Analysis for USDTZS
Based on a pre-defined weighted trend formula for chart analysis, USDTZS scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).