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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Ethiopian Birr (FOREX:EURETB)
Countertrend Up (+85) - EURETB is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid EURETB?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURETB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EURETB
The long-term trend has been UP since Nov 16th, 2023 at 60.6309
The intermediate-term trend has been UP since May 2nd, 2024 at 61.8153
The short-term trend has been DOWN since May 9th, 2024 at 61.6707
Smart Scan Analysis for EURETB
Based on our trend formula, EURETB is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 61.6406 | 61.6406 | 61.6406 | 61.6406 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 61.6406 | 2024-05-09 07:26:27 |