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Forex Trend Analysis Report

Prepared for you on Sunday, January 19, 2020.

Ethiopian Birr/British Pound (FOREX:ETBGBP)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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_ETBGBP
Open High Low ETBGBP Price Change
0.02387725 0.02387725 0.02387725 0.02387725 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ETBGBP

long term down The long term trend has been DOWN since Oct 13th, 2019 at 0.02713000

intermediate term down The intermediate term trend has been DOWN since Aug 22nd, 2019 at 0.02800100

short term up The short term trend has been UP since Jan 3rd, 2020 at 0.02389746

Smart Scan Analysis for ETBGBP

Based on a pre-defined weighted trend formula for chart analysis, ETBGBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for ETBGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02387725 0.02387725 0.02387725 0.02387725 0.00000000
Prev. Close Volume Bid Ask Time
0.02387725 0.02370925 0.02404525 2020-01-12 13:08:57
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