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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

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.

FOREX_USDETB
Open High Low USDETB Price Change
32.200000 32.200000 31.843525 31.843525 -0.356475
Entry Signal

MarketClub’s Trade Triangles for USDETB

long term up The long term trend has been UP since Aug 10th, 2018 at 27.758500

intermediate term up The intermediate term trend has been UP since Nov 19th, 2019 at 29.910000

short term up The short term trend has been UP since Jan 24th, 2020 at 32.038953

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).

+70
Smart Scan Analysis for USDETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
32.200000 32.200000 31.843525 31.843525 -0.356475
Prev. Close Volume Bid Ask Time
32.200000 31.616590 32.070459 2020-01-28 21:00:53
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