Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2019.
US Dollar/Ethiopian Birr (FOREX:USDETB)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.
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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 UP since Nov 19th, 2019 at 29.493154
Smart Scan Analysis for USDETB
Based on a pre-defined weighted trend formula for chart analysis, USDETB scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 30.179201 | 30.179201 | 29.800000 | 29.800000 | -0.379201 |
| Prev. Close | Volume | Bid | Ask | Time |
| 29.785000 | 29.400000 | 30.200000 | 2019-11-20 09:23:43 |