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Forex Trend Analysis Report

Prepared for you on Tuesday, July 16, 2019.

US Dollar/Ethiopian Birr (FOREX:USDETB)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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
28.857 28.857 28.857 28.857 0.000
Entry Signal

MarketClub’s Trade Triangles for USDETB

long term up The long term trend has been UP since Aug 10th, 2018 at 27.7585

intermediate term down The intermediate term trend has been DOWN since Jul 16th, 2019 at 28.8575

short term down The short term trend has been DOWN since Jul 16th, 2019 at 28.8575

Smart Scan Analysis for USDETB

Based on a pre-defined weighted trend formula for chart analysis, USDETB scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for USDETB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
28.857 28.857 28.857 28.857 0.000
Prev. Close Volume Bid Ask Time
28.857 28.634 29.080 2019-07-16 09:18:05
Want to analyze US Dollar/Ethiopian Birr USDETB or another symbol? Try our Free Forex Trend Analysis Report.