Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
US Dollar/Ethiopian Birr (FOREX:USDETB)
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 USDETB
The long term trend has been UP since Aug 10th, 2018 at 27.758500
The intermediate term trend has been UP since Nov 19th, 2019 at 29.910000
The short term trend has been DOWN since Jan 12th, 2020 at 32.053769
Smart Scan Analysis for USDETB
Based on a pre-defined weighted trend formula for chart analysis, USDETB scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).