Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
US Dollar/Tanzanian Shilling (FOREX:USDTZS)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Mar 26th, 2019 at 2337.35
The short term trend has been DOWN since May 15th, 2019 at 2299.30
Smart Scan Analysis for USDTZS
Based on a pre-defined weighted trend formula for chart analysis, USDTZS scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).