Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Euro/Ethiopian Birr (FOREX:EURETB)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 EURETB
The long term trend has been UP since Oct 31st, 2019 at 32.9260
The intermediate term trend has been UP since Nov 19th, 2019 at 33.0393
The short term trend has been DOWN since Jan 9th, 2020 at 35.6217
Smart Scan Analysis for EURETB
Based on a pre-defined weighted trend formula for chart analysis, EURETB scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).