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.
MarketClub’s Trade Triangles for ETBUSD
The long term trend has been DOWN since Sep 2nd, 2018 at 0.036062
The intermediate term trend has been UP since Jul 17th, 2019 at 0.034655
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).