Forex Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
Ethiopian Birr/US Dollar (FOREX:ETBUSD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 ETBUSD
The long term trend has been DOWN since Sep 2nd, 2018 at 0.036062
The intermediate term trend has been DOWN since Jan 13th, 2019 at 0.035306
The short term trend has been DOWN since Jan 13th, 2019 at 0.035484
Smart Scan Analysis for ETBUSD
Based on a pre-defined weighted trend formula for chart analysis, ETBUSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).