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Forex Trend Analysis Report

Prepared for you on Sunday, July 21, 2019.

Ethiopian Birr/US Dollar (FOREX:ETBUSD)

Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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.

FOREX_ETBUSD
Open High Low ETBUSD Price Change
0.034817 0.034817 0.034817 0.034817 0.000000
Entry Signal

MarketClub’s Trade Triangles for ETBUSD

long term down The long term trend has been DOWN since Sep 2nd, 2018 at 0.036062

intermediate term up The intermediate term trend has been UP since Jul 17th, 2019 at 0.034655

short term up The short term trend has been UP since Jul 9th, 2019 at 0.034625

Smart Scan Analysis for ETBUSD

Based on a pre-defined weighted trend formula for chart analysis, ETBUSD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+50
Smart Scan Analysis for ETBUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.034817 0.034817 0.034817 0.034817 0.000000
Prev. Close Volume Bid Ask Time
0.034817 0.034547 0.035086 2019-07-20 09:56:59
Want to analyze Ethiopian Birr/US Dollar ETBUSD or another symbol? Try our Free Forex Trend Analysis Report.