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.
MarketClub’s Trade Triangles for USDETB
The long term trend has been UP since Nov 9th, 2015 at 20.7495
The intermediate term trend has been UP since Oct 11th, 2017 at 23.6250
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).