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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Ethiopian Birr (FOREX:GBPETB)
Sidelines Mode (-55) - GBPETB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPETB?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPETB.
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 GBPETB
The long-term trend has been DOWN since Apr 22nd, 2024 at 70.52972
The intermediate-term trend has been UP since May 2nd, 2024 at 72.14671
The short-term trend has been DOWN since May 8th, 2024 at 71.87727
Smart Scan Analysis for GBPETB
Based on our trend formula, GBPETB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 71.54575 | 71.54575 | 71.54575 | 71.54575 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 71.54575 | 2024-05-09 07:26:27 |