Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Ethiopian Birr/Euro (FOREX:ETBEUR)
Bear Market Rally (-75) - ETBEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ETBEUR as it may be in the beginning of a reversal.
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 Jun 30th, 2020 at 0.02570278
The intermediate-term trend has been DOWN since Feb 9th, 2021 at 0.02084597
The short-term trend has been UP since Mar 4th, 2021 at 0.02051563
Smart Scan Analysis for ETBEUR
Based on our trend formula, ETBEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).