Forex Trend Analysis Report
Prepared for you on Thursday, July 18, 2019.
US Dollar/Tanzanian Shilling (FOREX:USDTZS)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 Jun 17th, 2019 at 2304.15
The short term trend has been UP since Jul 11th, 2019 at 2299.15
Smart Scan Analysis for USDTZS
Based on a pre-defined weighted trend formula for chart analysis, USDTZS scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).