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Forex Trend Analysis Report

Prepared for you on Saturday, December 7, 2019.

US Dollar/Tanzanian Shilling (FOREX:USDTZS)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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.

FOREX_USDTZS
Open High Low USDTZS Price Change
2297.5000 2301.0417 2297.5000 2297.6000 +0.1000
Entry Signal

MarketClub’s Trade Triangles for USDTZS

long term up The long term trend has been UP since Oct 27th, 2019 at 2308.95

intermediate term down The intermediate term trend has been DOWN since Nov 18th, 2019 at 2300.70

short term up The short term trend has been UP since Dec 6th, 2019 at 2298.00

Smart Scan Analysis for USDTZS

Based on a pre-defined weighted trend formula for chart analysis, USDTZS scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for USDTZS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2297.5000 2301.0417 2297.5000 2297.6000 +0.1000
Prev. Close Volume Bid Ask Time
2297.5000 2292.6000 2302.6000 2019-12-06 15:50:37
Want to analyze US Dollar/Tanzanian Shilling USDTZS or another symbol? Try our Free Forex Trend Analysis Report.