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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
US Dollar/Ethiopian Birr (FOREX:USDETB)
Sidelines Mode (+55) - USDETB 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 USDETB?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDETB.
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 USDETB
The long-term trend has been UP since Oct 7th, 2021 at 46.467896
The intermediate-term trend has been UP since Jan 16th, 2024 at 56.605595
The short-term trend has been DOWN since Apr 23rd, 2024 at 56.884669
Smart Scan Analysis for USDETB
Based on our trend formula, USDETB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 56.648319 | 56.648319 | 56.648319 | 56.648319 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 56.869853 | 2024-04-23 21:01:42 |