Forex Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
Euro/Ethiopian Birr (FOREX:EURETB)
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 EURETB
The long term trend has been DOWN since Aug 1st, 2019 at 31.984
The intermediate term trend has been UP since Sep 13th, 2019 at 32.386
The short term trend has been UP since Sep 13th, 2019 at 32.386
Smart Scan Analysis for EURETB
Based on a pre-defined weighted trend formula for chart analysis, EURETB scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).