Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Ethiopian Birr/US Dollar (FOREX:ETBUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 ETBUSD
The long term trend has been DOWN since Sep 2nd, 2018 at 0.03606200
The intermediate term trend has been DOWN since Nov 19th, 2019 at 0.03369014
The short term trend has been UP since Jan 12th, 2020 at 0.03119912
Smart Scan Analysis for ETBUSD
Based on a pre-defined weighted trend formula for chart analysis, ETBUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).