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Forex Trend Analysis Report

Prepared for you on Wednesday, October 18, 2017.

US Dollar/Ethiopian Birr (FOREX:USDETB)

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.

FOREX_USDETB
Open High Low USDETB Price Change
27.0875 27.2550 27.0875 27.2550 +0.1675
Entry Signal

MarketClub’s Trade Triangles for USDETB

long term up The long term trend has been UP since Nov 9th, 2015 at 20.7495

intermediate term up The intermediate term trend has been UP since Oct 11th, 2017 at 23.6250

short term up The short term trend has been UP since Sep 28th, 2017 at 23.5550

Smart Scan Analysis for USDETB

Based on a pre-defined weighted trend formula for chart analysis, USDETB scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for USDETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
27.0875 27.2550 27.0875 27.2550 +0.1675
Prev. Close Volume Bid Ask Time
27.0535 26.9100 27.6000 2017-10-13 15:04:29
Want to analyze US Dollar/Ethiopian Birr USDETB or another symbol? Try our Free Forex Trend Analysis Report.