Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 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 UP since Dec 4th, 2023 at 69.90778
The intermediate-term trend has been UP since Feb 26th, 2024 at 71.77087
The short-term trend has been DOWN since Mar 19th, 2024 at 72.36710
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 |
---|---|---|---|---|
72.10083 | 72.10083 | 72.10083 | 72.10083 | 0.00000 |
Prev. Close | Volume | Bid | Ask | Time |
72.10083 | 2024-03-19 08:25:57 |