Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Ethiopian Birr/British Pound (FOREX:ETBGBP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 ETBGBP
The long term trend has been DOWN since Oct 13th, 2019 at 0.02713000
The intermediate term trend has been UP since Jan 27th, 2020 at 0.02401554
The short term trend has been DOWN since Feb 11th, 2020 at 0.02412558
Smart Scan Analysis for ETBGBP
Based on a pre-defined weighted trend formula for chart analysis, ETBGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).