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.
MarketClub’s Trade Triangles for ETBGBP
The long term trend has been DOWN since Oct 13th, 2019 at 0.02713000
The intermediate term trend has been DOWN since Aug 22nd, 2019 at 0.02800100
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).