Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Ethiopian Birr/Euro (FOREX:ETBEUR)
Countertrend Down (-85) - ETBEUR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid ETBEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ETBEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for ETBEUR
The long-term trend has been DOWN since Nov 16th, 2023 at 0.01649352
The intermediate-term trend has been DOWN since May 2nd, 2024 at 0.01617749
The short-term trend has been UP since May 9th, 2024 at 0.01621542
Smart Scan Analysis for ETBEUR
Based on our trend formula, ETBEUR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01622334 | 0.01622334 | 0.01622334 | 0.01622334 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01622334 | 2024-05-09 07:26:27 |