Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
Euro/Ethiopian Birr (FOREX:EURETB)
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.
MarketClub’s Trade Triangles for EURETB
The long term trend has been UP since Sep 23rd, 2018 at 32.5453
The intermediate term trend has been DOWN since Feb 5th, 2019 at 32.1250
The short term trend has been UP since Feb 18th, 2019 at 32.1660
Smart Scan Analysis for EURETB
Based on a pre-defined weighted trend formula for chart analysis, EURETB scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).