Forex Trend Analysis Report
Prepared for you on Sunday, February 17, 2019.
US Dollar/Ethiopian Birr (FOREX:USDETB)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 USDETB
The long term trend has been UP since Aug 10th, 2018 at 27.7585
The intermediate term trend has been UP since Feb 8th, 2019 at 28.5250
The short term trend has been DOWN since Feb 15th, 2019 at 28.4130
Smart Scan Analysis for USDETB
Based on a pre-defined weighted trend formula for chart analysis, USDETB scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).