Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Ethiopian Birr/Euro (FOREX:ETBEUR)
Long-Term Downtrend (-90) - ETBEUR is in a strong downtrend that is likely to continue. While ETBEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Nov 16th, 2023 at 0.01649352
The intermediate-term trend has been DOWN since Oct 19th, 2023 at 0.01704247
The short-term trend has been DOWN since Oct 30th, 2023 at 0.01695972
Smart Scan Analysis for ETBEUR
Based on our trend formula, ETBEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).