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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.

FOREX_USDETB
Open High Low USDETB Price Change
32.050368 32.051311 32.040000 32.040000 -0.010368
Entry Signal

MarketClub’s Trade Triangles for USDETB

long term up The long term trend has been UP since Aug 10th, 2018 at 27.758500

intermediate term up The intermediate term trend has been UP since Nov 19th, 2019 at 29.910000

short term down 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).

+75
Smart Scan Analysis for USDETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
32.050368 32.051311 32.040000 32.040000 -0.010368
Prev. Close Volume Bid Ask Time
32.050368 31.740000 32.340000 2020-01-20 09:53:53
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